Ausgold Limited hits high-grade shoots at White Dam and Jackson deposits

THE DRILL SERGEANT: Ausgold (ASX: AUC) reported encouraging drilling results from the company’s 100 per cent-owned Katanning gold project (KGP) in Western Australia.

The company completed one Reverse Circulation (RC) hole at White Dam, which included results of:

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2 metres at 20.49 grams per tonne gold from 163m.

This result is on the back of previously announced results, including:

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9m at 8.13g/t gold from 145m, including 5m at 14.25g/t gold from 145m.

Ausgold explained the latest RC hole is located approximately 150 meters north-east and down plunge of the limit of historic drilling, adding it has confirmed the continuation of high-grade mineralisation at depth.

Assay results were also received for two RC holes completed at the Jackson deposit, which were testing the predicted continuation of high-grade north-east trending shoots and to add further confidence to the geological model.

New results from Jackson include:

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10m at 2.06g/t gold from 52m, including 3m at 5.04g/t gold from 59m.

“Systematic drilling and the delivery of positive results confirm geological interpretation and validate our understanding of high grade shoot development in the deposits at the KGP,” Ausgold said in its ASX announcement.

Email: info@ausgoldlimited.com

Website: www.ausgoldlimited.com