Ausgold Granted Access to New KGP Drill Targets

THE DRILL SERGEANT: Ausgold (ASX: AUC) received an important access approval in relation to continued RC drilling at the company’s 100 per cent-owned Katanning Gold Project (KGP), located in Western Australia’s south-west Yilgarn Craton.

Ausgold has been given the nod the Department of Agriculture, Water and the Environment (DAWES) to conduct a 35-hole, 5,250m RC drill program within Rifle Range Reserve, an area containing over 2.5 kilokmetres of previously untested strike length, with new targets supported by coincident EM anomalies and gold-in-soils anomalies.

Drill targets are along the same geological trend as the company’s Jinkas Resource and immediately adjacent to the Dingo Resource area.

No previous exploration drilling has been conducted in this area.

“Drilling access to the Rifle Range Reserve has been eagerly anticipated and is highly significant as it allows us to finally start to develop an understanding of the true scale of the KGP gold mineralisation,” Ausgold managing director Matthew Greentree said in the company’s ASX announcement.

“The targets within this area have the potential to add material value to the project.

“The planned drilling provides a further test of our geological model, which has enabled better targeting of high-grade mineralisation within both the Jinkas and Jinkas South lodes and will be a feature of the upgraded KGP Resource due in March 2021.”