Great Southern Mining Intersects Cox’s Find Gold Mineralisation

THE DRILL SERGEANT: Great Southern Mining (ASX: GSN) reported gold intersections from Phase 2 RC drilling at the company’s 100 per cent-owned Cox’s Find project, in the Laverton Gold District of Western Australia.

Great Southern Mining explained this latest phase of drilling had focused on two key along-strike targets to the north of the Cox’s Find deposit, known as Targets 2 and 3.

Highlights included the intersection of gold mineralisation in first-pass RC drilling at two key along-strike targets located 400m (Target 2) and 1km (Target 3) north of Cox’s Find.

Best results include:

8 metres at 1.1 grams per tonne gold from 91m, including 2m at 3.2g/t gold;
6m at 1g/t gold from 114m, including 2m at 1.7g/t gold; and
13m at 0.7g/t gold from 34m, including 1m at 1.7g/t gold.

The newly identified mineralised zones appear open along strike and at depth with the recent results demonstrating structural prospectivity of the northern corridor.

Targets 2 and 3 represent only the first two of several along-strike targets the company has earmarked for drilling, which includes multiple areas further to the north of Target 3.

High-priority follow-up drilling of Targets 2 and 3, plus these other key structural targets is currently in the planning stage.

“These results represent a significant success for GSN,” Great Southern Mining chief executive officer Sean Gregory said in the company’s announcement to the Australian Securities Exchange.

“They demonstrate that gold mineralisation is not constrained to the Cox’s Find deposit and is evidenced for at least a further one kilometre along strike.

“They also show that historical RAB drilling in these northern areas by previous owners stopped short of genuine target depth in multiple zones.

“In short, the results substantially increase the overall prospectivity of the target corridor to the north of Cox’s Find.

“It is also important to note that Targets 2 and 3 are only the first two of several high-priority regional targets set to be drilled.

“GSN intends to aggressively follow-up this success, and the other high-priority structural target zones, with an intensive drilling program in the short term.

“Finally, the Cox’s Find project area is likely to again increase.

“GSN has an additional approximate 50 square kilometres under application, immediately adjacent to Cox’s Find.

“This ground is highly prospective with known mineralised corridors that host nearby million-ounce deposits interpreted to strike right through it.

“This application follows the granting earlier this month of E38/3476, which lies immediately to the north of the successful drilling at Target 3.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@gsml.com.au

 

Web: www.gsml.com.au