- Great Southern Mining (GSN) believes it is on the way to a “significant gold deposit” after receiving initial results from drills at the Duketon Gold project
- The ASX-lister has executed 3421 metres of reverse circulation drills at the Western Australian Southern Star prospect
- Notable results include 59 metres at 2.1 grams of gold per tonne including nine metres at 4.5 g/t gold and 16 metres at 3.2 g/t gold
- Results from a further 12 holes at the maiden drill programme are still to come
- Great Southern Mining shares closed today’s session down 4.92 per cent to trade at 5.8 cents
Great Southern Mining (GSN) believes it is on the way to a “significant gold deposit” after receiving initial results from drills at the Duketon Gold project.
The ASX-lister is undertaking a maiden drill programme at the Southern Star prospect within its wholly-owned Duketon Gold project in Laverton, Western Australia.
GSN has executed 3421 metres of reverse circulation drills at the project so far in a bid to determine and define mineralisation along strike and to define the extent of said mineralisation.
The company said the results yielded “exceptional, wide mineralisation” in multiple holes at the target.
Notable results from the first batch include 59 metres at 2.1 grams of gold per tonne including nine metres at 4.5 g/t gold and 16 metres at 3.2 g/t gold and five metres at 2.7 g/t gold including two metres at 6.3 g/t gold.
Great Southern Mining’s Chief Executive Officer Sean Gregory said the company was on the way to a significant gold deposit.
“The intercept of 59 metres at 2.1 g/t gold is the best ever encountered at Southern Star,” he said.
“The presence of wide, high-grade intersections at the footwall of the quartz dolerite target are helping to define the extent of the high-grade mineralisation and add to our understanding of the plunge geometry.”
Results from the remaining 12 drill holes are still to come.
Great Southern Mining shares closed today’s session down 4.92 per cent to trade at 5.8 cents.