Ausgold to Conduct Major RC Drill Program at Katanning
THE DRILL SERGEANT: Ausgold (ASX: AUC) is about to push the green button for a major new gold drilling program to be undertaken at the company’s 100 per cent-owned 3.04Moz Katanning Gold Project (KGP) in Western Australia.
Ausgold is scheduled to commence drilling of approx. 19,000 metres of Reverse Circulation drilling on the 3.04 million ounce Katanning Gold Project in October 2024.
RC drilling will commence with a planned 5,000m infill drilling program within the KGP Central Zone, designed to de-risk the first 18 months of the mine schedule.
A further 6,000m of RC drilling is planned across key target areas within the KGP with another 8,000m of exploration drilling planned to target high-priority prospects within Ausgold’s 4,300 square kilometres of SW Yilgarn tenure it considers to hold potential to host large gold systems.
The company is currently progressing a Definitive Feasibility Study (DFS) on the development of the KGP in parallel with regional exploration to unlock the potential of its tenure position in the Katanning Greenstone Belt, located in the historically underexplored and highly prospective south-west portion of the Yilgarn Craton.
“Ausgold is about to launch a substantial drilling campaign with the dual focus of de-risking the 3.04 million ounces Katanning Gold Project and building Resource potential regionally across our dominant tenure position,” Ausgold managing director Matthew Greentree said in the company’s ASX announcement.
“New drilling will focus on de-risking initial mining areas before moving on to target direct extensions to the KGP as well as greenstone belts along regionally significant structures, including targets along 130 kilometres of strike length along the Stanley Trend.
“The region is largely under-explored and the company sees clear opportunities to leverage its technical expertise and geological understanding to build a regional resource footprint alongside the growing resource base at the Katanning Gold Project, while maintaining its primary focus on developing a large-scale mining operation.”
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