Great Southern Mining Scores Encouraging Gold Hits at Golden Boulder

THE DRILL SERGEANT: Great Southern Mining (ASX: GSN) reported results from drilling carried out at the company’s 100 per cent-owned Duketon gold project in Western Australia.

Great Southern Mining completed a targeted 15-hole RC drilling program at Duketon mainly focused on the Golden Boulder prospect, testing for depth and strike extensions.

The drilling encountered shallow high-grade gold at the Golden Boulder prospect, with results including:

24GBRC0005
4 metres at 5.64 grams per tonne gold from 63 m, including 2m at 9.89g/t gold;

21GBRC0007
3m at 4.8g/t gold from 18m, including 1m at 12.45g/t gold; and

24GBRC0001
2m at 3.44g/t gold from 141m.

The company declared the drilling extended the higher-grade mineralised zone at Golden Boulder by 85m to 370m total and gold anomalism now extends over 2.3km with very sparse drilling.

A further 1.4km of prospective strike remains untested to the south.

“Golden Boulder continues to return shallow high-grade intercepts,” Great Southern Mining managing director Matthew Keane said in the company’s ASX announcement.

“Following several low-metreage targeted drilling programs, we believe this prospect now warrants a significant drill-out to test the 3.7 kilometres prospective trend.

“Our geological team have proven that mineralised trends are relatively predictable, with step-out hole 24GBRC0005 intercepting mineralisation within 10m of the modelled target some 85m south of the previous intercept.

“We are also highly encouraged by the early success at the Boundary prospect.

“We believe this area holds significant potential for gold discoveries given its location along a major structural zone, which lays host to Regis Resources’ +5 million ounce Garden Well deposit located 20km to the north.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE