- Great Southern Mining (GSN) has received results from a 20-hole reverse circulation (RC) drilling program at the Mon Ami Gold Project in WA
- This program aimed to test the mineralised north-northwest trending shear zone including areas of historic gold mineralisation
- Results peaked at 15.9 grammes per tonne gold and indicate that high-grade gold is present within quartz veining
- Shares in Great Southern are down 6.9 per cent and are trading for 13.5 cents each
Great Southern Mining (GSN) has received results from a 20-hole reverse circulation (RC) drilling program at the Mon Ami Gold Project.
The Mon Ami Gold Project is located 12 kilometres southeast of Laverton in Western Australia and is made up of one mining lease and one exploration licence.
This 20-hole program aimed to test the mineralised north-northwest trending shear zone including areas of historic gold mineralisation.
Better results include 11 metres at 7.9g/t gold including four metres at 15.9g/t gold from 26 metres, and four metres at 12.4g/t gold from 80 metres.
These results indicate that high-grade gold is present within quartz veining.
“The latest round of drilling at Mon Ami has highlighted the significant potential of this project to grow both in terms of grade and ounces,” Executive Chairman John Terpu commented.
“With every hole, we are gaining a better understanding of the mineralisation system and now believe there may be several high-grade splays associated with the shear zone,” he said.
“We are looking forward to fully interpreting the new drill results and geological findings to aid in the next round of planned drilling,” he added.
Shares in Great Southern are down 6.9 per cent and are trading for 13.5 cents each at 12:49 pm AEST.