1,200m DD Campaign Underway In Central And Southern Zone Resource Areas
Ausgold Limited (ASX: AUC) has commenced a programme of eight diamond drill holes for 1,200m at its 100%-owned flagship Katanning Gold Project (KGP) in Western Australia.
The diamond drilling is part of an exploration programme at KGP targeting growth of the existing 1.54Moz Resource.
This new drilling is designed to support metallurgical and geotechnical studies at the KGP which are currently underway and are designed to support feasibility studies targeted for early CY2022.
The company is also currently 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.
Large-Scale Drilling to Commence in October
Planning is well advanced to undertake a large-scale 30,000m reverse circulation (RC) multi-rig drill campaign that is scheduled to begin late October and continue through to early CY2022.
The primary focus of this RC program will be 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. Further details will be announced on commencement of the campaign.
In addition to the large-scale activities for Resource growth at the KGP, Ausgold plans to commence a regional exploration programme of 2,500m of auger and 30,000m of aircore drilling to test 12 high priority gold and PGE targets across the Company’s regional ground holding.
High-priority gold targets, including the Nanicup Bridge, Bullock Pool, Mutters and Burong targets, will be tested.
Managing Director, Matthew Greentree, said that in addition, a follow-up programme will test potential identified earlier in the year at Woodanilling. including 1.3% 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. I look forward to a highly active summer period as we continue to build out scale at Katanning,” Mr Greentree said.
For further information please visit: http://www.ausgoldlimited.com/site/content/
