THE DRILL SERGEANT: Ausgold (ASX: AUC) is steeling itself, preparing for some serious drilling activity to commence at the company’s 100 per cent-owned Katanning Gold Project (KGP) in Western Australia.
Ausgold anticipates the upcoming activity to build on the project’s existing 1.54 million ounce gold Resource.
A program of eight diamond drill holes is currently underway targeting key Resource areas within the Central and Southern zones that is expected to be completed soon.
This drilling is designed to support metallurgical and geotechnical studies at the KGP that are supporting feasibility studies targeted for early CY2022.
The company is also analysing over 18,500m of drilling results in existing Resource areas within the Central and Southern zones that are to be incorporated into a further Resource update aimed for Q1, CY2022.
A large-scale reverse circulation (RC) multi-rig drill campaign is scheduled to begin late October and continue through to early CY2022 with the primary focus on high-grade targets outside the existing Resource within the Central and Southern zones that were identified as part of over 18,500m of RC and diamond drilling completed since April.
But wait, there’s more. Ausgold plans a regional exploration program of 2,500m of auger and 30,000m of aircore drilling to test 12 high priority gold and PGE targets across its regional ground.
High-priority gold targets, including the Nanicup Bridge, Bullock Pool, Mutters and Burong targets, will be tested.
As well, a follow-up program will test potential identified earlier in the year at Woodanilling, including 1.3 per cent copper and 12.6g/t silver with elevated gold, zinc bismuth, cadmium, cobalt, titanium and zinc.
“Ausgold is at an exciting transition point heading into a large-scale drilling campaign where we are focused on our ambition for a multi-million-ounce Resource which will support a significant mining operation at the KGP,” Ausgold managing director Matthew Greentree said in the company’s ASX announcement.
“I look forward to a highly active summer period as we continue to build out scale at Katanning.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE