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Great Southern Mining (ASX:GSN) recovers ‘record intercept’ from Southern Star

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ASX:GSN      MCAP $17.16M
11 October 2021 14:50 (AEST)

Source: Great Southern Mining

Great Southern Mining (GSN) has recovered a record gold intercept from an area adjacent to the Southern Star deposit at its Duketon Gold Project in Western Australia.

The company is conducting a reverse circulation (RC) drilling program near Southern Star and has drilled 4656 metres since acquiring the project in February.

The latest batch of results, the fourth returned from the program to date, shows several significant intersections, including a record 68 metres at 1.9 grams of gold per tonne (g/t) from 61 metres.

This intercept also includes four metres at 15.3g/t gold from 89 metres and five metres at 7g/t gold from 114 metres.

The company’s CEO Sean Gregory said Southern Star had once again delivered thick, high-grade intercepts that confirmed the grade continuity and depth potential of the deposit.

“This reinforces the imperative to continue drilling what is shaping up as a very substantial gold deposit,” he said.

“Discussions have commenced with RC and diamond drilling contractors to see drilling resume at Southern Star as a priority.”

Meanwhile the program also saw three drill holes re-entered.

One of these holes was shown to contain 15 metres at 2.1g/t gold per tonne from 113 metres, including two metres at 12.5g/t gold — replacing a much lower-grade intersection announced previously.

Looking ahead, Great Southern Mining is planning further RC and diamond drilling to test the discovery zone, strike extensions and depth potential at Southern Star.

Shares closed up 4.11 per cent at 7.6 cents each.

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