Ausgold Reveals Broad Gold Zones at Regional KPG Prospects

THE DRILL SERGEANT: Ausgold (ASX: AUC) has widened the gold potential at the company’s 100 per cent-owned Katanning Gold Project (KGP) in Western Australia.

Ausgold reported that a recent Reverse Circulation (RC) drilling campaign at the KGP and surrounding 3,500 square kilometres tenement position that had been undertaken with three key objectives:

1) Close-spaced drilling to 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.

The campaign consisted of 32 Reverse Circulation (RC) holes drilled across four key regional prospects along the Stanley Thrust – Zinger, Stanley Hill, Moulyinning and McDougalls.

“This drilling to establish the potential for regional satellite deposits represents the last piece of the puzzle in our current exploration campaign, with these assays from key prospects along the Stanley Thrust indicating an exciting opportunity to define a significant gold district surrounding the Katanning Gold Project,” Ausgold executive chairman John Dorward said in the company’s ASX announcement.

“The earlier phases of this drilling campaign – which comprised close-spaced drilling to increase confidence in the existing Resource and exploration drilling for Resource extensions – also returned positive results, further strengthening the robustness of this leading development project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE