THE DRILL SERGEANT: Great Southern Mining (ASX: GSN) reported further high-grade gold intersections from recently-completed Reverse Circulation (RC) and Diamond drilling programs at the company’s 100 per cent-owned Cox’s Find project in the Laverton gold district of Western Australia.
Great Southern Mining said it was encouraged by diamond program results with intersections including:
3.6 metres at 8.03 grams per tonne gold from 169m, including 1m at 27.5g/t gold.
This hole was 30m down plunge from a previous intersection that was reported in July encountered in:
5.65m at 80g/t gold from 160m, including 1.1m at 404g/t gold.
The RC program was designed to test the shallow down plunge and strike extensions of the main lode north and south of the pit.
Great Southern indicated this had intersected continuity of the mineralised system with results including:
5m at 5.51g/t gold from 59m, including 2m at 12.5g/t gold; and
7m at 1.23g/t gold from 86m, including 2m at 2.94g/t gold.
Extension drilling confirmed the mineralisation sequence continues further south than previously thought with further encouraging results including:
15m at 1.01g/t gold from 167m; and
6m at 0.62g/t gold from 157m, including 1m at 2.57g/t gold.
“These results cement a tremendous platform for further exploration and growth at the company’s Cox’s Find project,” Great Southern Mining recently appointed chief executive officer Sean Gregory said in the company’s announcement to the Australian Securities Exchange.
“The team has demonstrated that the bonanza grades reported earlier in the quarter are part of a continuous mineralised system that extends to depth and along strike to the south.
“It is an exciting time for the company as we are only just beginning to unlock the geological potential of this high-grade gold system.”
Great Southern Mining said the recent RC and Diamond drilling program at Cox’s Find had demonstrated high-grade mineralisation persists at depth and along strike at Cox’s Find.
The company signalled further interrogation and expert reviewing are planned over the coming weeks, which it expects to tightly delineate targets for further drilling; namely the unmined high-grade level 5-6 material, and the plunge extensions at depth and to the south.