Ausgold Drilling Intercepts High-Grade Gold

THE DRILL SERGEANT: Ausgold (ASX: AUC) reported the latest assay results from a Reverse Circulation (RC) drilling campaign underway at the company’s 100 per cent-owned Katanning Gold Project (KGP) and surrounding tenement position in Western Australia.

Ausgold is conducting the drilling campaign with three main objectives in mind:

1) De-risk areas within the existing KGP mineral resource which are expected to comprise mining inventory in the early years of project operations.
2) Add to the existing resources at the KGP; and
3) Generate new gold mineralisation potential in the regional prospects surrounding the KGP.

Drilling at the Dingo target intersected zones of high-grade gold mineralisation, returning intercepts including:

BSRC1794
10 metres at 10.55 grams per tonne gold from 42m, including 2m at 50.57g/t gold from 43m;

BSRC1800
22m at 2.16g/t gold from 117m, including 14m at 3.03g/t gold from 123m; and

BSRC1793
11m at 2.8g/t gold from 49m, including 6m at 4.82g/t gold from 52m.

“The grade and width of the results from Dingo is particularly encouraging,” Ausgold executive chairman John Dorward said in the company’s ASX announcement.

“While Dingo has traditionally contributed a modest amount to the resource inventory at Katanning, these high-grade and shallow intercepts indicate the potential for a more meaningful contribution to the overall project from Dingo.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE