Ausgold has started a 24,000m reverse circulation (RC) drilling programme at its 100%-owned Katanning Gold Project (KGP) in Katanning, Western Australia (WA).
The RC drilling programme is designed to target mineralisation within a 10km radius of the KGP resource area.
Initially, the programme will test strike extensions of the Jinkas deposit, as well as new targets generated through the re-interpretation of historical exploration data and the recent round of air core (AC) drilling. In addition, surveys will be performed for ground-based geophysics such as gravity and moving loop electromagnetics (EM) at Jackson-Olympia, Jinkas, Lukin, and FRASER.
Ausgold’s Katanning Gold Project is 275km south-east of Perth and 40km north-east of the wheatbelt town of Katanning.
The company holds a dominant ground position in this relatively underexplored greenstone belt, an area prospective for Archean gold deposits.
KGP covers 4,031km² of the underexplored Katanning greenstone belt in south-west Western Australia.
Gold mineralisation has been identified more than 20km of strike at the KGP and the project contains a JORC 2012-compliant mineral resource of 20.98 million tonnes at 1.17g/t gold for 785,800oz, with 358,101oz of this in the measured and indicated categories.
The company also holds three other projects in its portfolio, including Yamarna and Doolgunna Station in WA and Cracow in Queensland.