Ausgold Extends Mineralisation at Katanning South

THE DRILL SERGEANT: Ausgold (ASX: AUC) reported on recent drilling undertaken in the Southern Zone at the company’s 100 per cent-owned Katanning gold project in Western Australia.

The company explained its current focus is on the potential for a larger scale Resource through drilling the Southern Zone, which includes the Rifle Range, Dingo and Lukin areas along a total strike length of eight kilometres.

These areas have demonstrated promising early results, which include extensive and broad zones of high-grade gold mineralisation showing the potential to expand the scale of the total gold Resource at the KGP

The recent drilling delivered extensive and broad zones of gold mineralisation, including:

11m at 1.89 grams per tonne gold from 59m, including 6m at 2.98g/t gold (Dingo)

12m at 1.29g/t gold from 75m including 5m at 2.11g/t gold (Dingo)

3m at 0.5g/t gold from 42m, 3m at 1.18g/t gold from 129m, 3m at 0.39g/t gold from 149m and 1m at 1.8g/t gold from 156m (Lukin)

4m at 0.67g/t gold from 111m and 2m at 0.64g/t gold from 168m (Lukin)

“The early results from the Southern Zone continue to show promise, with drilling returning widespread and significant zones of high-grade mineralisation,” Ausgold managing director Matthew Greentree said in the company’s ASX announcement.

“This early view supports our thesis that there is potential to further expand our existing 1.54 million ounces Resource significantly to the south.

“We also continue to scale up, with the appointment of an experienced exploration manager, as we commence diamond drilling in both the Southern and Central Zones that will support upcoming geotechnical and metallurgical testing.”