https://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Mon, 22 Oct 2018 23:44:19 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Ausgold starts drilling of high-grade gold targets at Katanning project ]]> https://www.proactiveinvestors.com.au/companies/news/205188/ausgold-starts-drilling-of-high-grade-gold-targets-at-katanning-project-205188.html Ausgold Ltd (ASX:AUC) has started a diamond drill program targeting high-grade gold mineralisation southeast of the resource at Katanning Gold Project (KGP) in Western Australia’s southwest.

The 1,200-metre program is co-funded by the Exploration Incentive Scheme (EIS) and will provide key geological information to target extensions to high-grade mineralisation at Jinkas South.

Drill targets extend south along strike and down dip from known mineralisation at Jinkas and White Dam.

Resource update planned

These deposits contain resources of 6.8 million tonnes at 1.45 g/t gold for 315,700 ounces and 3.67 million tonnes at 1.30 g/t for 153,700 ounces respectively.

Ausgold hopes that results will help it to plan a larger reverse circulation drill program.

A review and modelling of drilling carried out to date is being undertaken to enable an update of the KGP resource, to include drilling carried out in the 2018 exploration campaign.

Regional exploration

Ongoing regional exploration continues to identify highly promising targets and structures.

Two high-priority target areas have been identified west of the main KGP area along two significant structures 2.5 kilometres west of the main resource area.

Ausgold's Western Australian projects.

New regional potential

An interpretation of high-resolution geophysics has identified new regional potential for gold mineralisation that would add to existing KGP resources.

These western trends represent easterly dipping thrust structures that extend for over 10 kilometres.

The newly identified structures are geologically similar to the main resource areas and previous auger sampling at 1-kilometre spacing identified gold anomalism greater than 10ppb over a strike length of 10 kilometres.

Large landholding

Ausgold’s large holding of more than 4,000 square kilometres is strategically positioned along a significant geological boundary separating the Boddington and Lake Grace terranes.

Faults along this boundary are the same as those that host the gold mineralisation within the KGP. Recent field work by Ausgold has focused on geological mapping and geochemical sampling as part of an ongoing prospectivity study.

Exploration framework

A new geological interpretation of the region based on field mapping has provided a framework to conduct exploration.

This, combined with a significant geochemical database collected by Ausgold and historical data, has enabled Ausgold to identify 42 new regional target areas.

Ongoing work includes surface sampling along with further conceptual targeting to prioritise these newly defined exploration targets.

To facilitate regional exploration, Ausgold has embarked on landholder engagement which will allow access on freehold land across the project area.

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Wed, 19 Sep 2018 16:27:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205188/ausgold-starts-drilling-of-high-grade-gold-targets-at-katanning-project-205188.html
<![CDATA[News - Ausgold attracts $2.4 million to advance exploration at Katanning Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/198746/ausgold-attracts-24-million-to-advance-exploration-at-katanning-gold-project-198746.html Ausgold Ltd (ASX:AUC) has received binding commitments to raise $2.4 million via a share placement to professional and sophisticated investors at 3 cents each.

The funds will be used to advance exploration at Ausgold’s Katanning Gold Project (KGP) and to test newly identified regional targets within the broader Katanning landholding.

Underexplored greenstone belt

KGP is located 275 kilometres southeast of Perth in a relatively underexplored greenstone belt which is prospective for Archean gold deposits.

In February 2018, Ausgold commenced a 24,000 metre drilling program to expand the current resource of 785,000 ounces of gold at Katanning.

Ausgold managing director Matthew Greentree said: “We are pleased to have completed this placement at a small premium, which gives some indication as to the belief investors have in what we are doing at the Katanning Gold Project.”

Significant gold targets ready for drilling

Greentree added: ”Through recent exploration on the Project, Ausgold has demonstrated the presence of extensive mineralisation that will add to the global resource.

“In addition, work is continuing to delineate high-grade shoots with a number of significant gold targets ready for drilling.

“The company also continues to develop its geological understanding of the region, which will aid in new discoveries within the regional tenement package.”

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Wed, 13 Jun 2018 13:47:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198746/ausgold-attracts-24-million-to-advance-exploration-at-katanning-gold-project-198746.html
<![CDATA[News - Ausgold to raise funds post acquisition ]]> https://www.proactiveinvestors.com.au/companies/news/185154/ausgold-to-raise-funds-post-acquisition-185154.html Ausgold Ltd (ASX:AUC) recently completed the acquisition of the Dumbleyung Gold Project in Katanning, Western Australia.

The acquisition provides economies of scale as it is adjacent to Ausgold’s Katanning Gold Project.

Ausgold is now heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Monday 9th October 2017, or earlier if an announcement is made to the market.

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Fri, 06 Oct 2017 10:39:00 +1100 https://www.proactiveinvestors.com.au/companies/news/185154/ausgold-to-raise-funds-post-acquisition-185154.html
<![CDATA[News - Ausgold gets ready to raise ]]> https://www.proactiveinvestors.com.au/companies/news/178739/ausgold-gets-ready-to-raise-178739.html Ausgold (ASX:AUC) has been granted a trading halt by the ASX this morning, pending details of a capital raising.

The halt will remain in place until the opening of trade on Wednesday 7th June 2017, or earlier if an announcement is made to the market.

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Mon, 05 Jun 2017 10:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/178739/ausgold-gets-ready-to-raise-178739.html
<![CDATA[News - Ausgold’s shares rise on high-grade hits at Katanning Gold ]]> https://www.proactiveinvestors.com.au/companies/news/170359/ausgolds-shares-rise-on-high-grade-hits-at-katanning-gold-170359.html The company’s shares were last trading at $0.037, up 12.12% intraday.

Five reverse circulation holes for 284 metres have been completed to date to follow up gold mineralisation identified previously by air core drilling.

Importantly, all five holes intersected mineralisation, including:
- 25 metres at 2.47 g/t gold (from  20 metres) including 2 metres at 16.26 g/t gold  (from 42 metres); and
- 8 metres at 3.87 g/t gold (from 11 metres) including 2 metres at 10.46 g/t gold (from 11 metres).

A systematic follow-up drilling program has been planned and is designed to test the down-dip continuity of the mineralisation.

The follow up drilling at Datatine is expected to commence in early January 2017 as all drilling at the Katanning project will cease for about three weeks over the Christmas holiday period.

The drilling at Datatine is part of a 2,500 metre drilling program at the Katanning Gold Project that is primarily targeting three high priority areas at the White Dam, Datatine and Fraser deposits.

Last month, Ausgold raised $800,000 from a share placement at $0.035 per share, to fund its drill program at Katanning.

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Tue, 13 Dec 2016 12:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/170359/ausgolds-shares-rise-on-high-grade-hits-at-katanning-gold-170359.html
<![CDATA[News - Ausgold Ltd gets ready to raise ]]> https://www.proactiveinvestors.com.au/companies/news/169574/ausgold-ltd-gets-ready-to-raise-169574.html The halt will remain in place until the opening of trade on Wednesday 30th November 2016, or earlier if an announcement was made to the market.

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Mon, 28 Nov 2016 15:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/169574/ausgold-ltd-gets-ready-to-raise-169574.html
<![CDATA[News - Ausgold to assess gold potential at Doolgunna project ]]> https://www.proactiveinvestors.com.au/companies/news/167339/ausgold-to-assess-gold-potential-at-doolgunna-project-167339.html Ausgold Ltd (ASX:AUC) is commencing a reconnaissance field mapping and geochemical sampling program at its Doolgunna Station Project in Western Australia’s Bryah Basin.

The Doolgunna Mineral Field is one of the most significant copper-gold provinces in Australia, producing in excess of 8 million ounces of gold to date.

The project is located adjacent to Sandfire Resources NL’s (ASX:SFR) DeGrussa copper-gold project, immediately north of the Hermes gold deposit and south-east of the Plutonic gold mine.

The area is considered prospective for both Archean lode gold and volcanogenic massive sulphide copper-gold mineralisation.

The prospective geological structures associated with the neighbouring Plutonic and Hermes gold deposits extend into Ausgold’s Doolgunna Project.

Previous exploration at the Doolgunna Project has been limited to broad regional studies, including aeromagnetic interpretation, stream sediment sampling and reconnaissance soil sampling.

The planned surface geochemical sampling covers previously unexplored parts of the landholding and is intended to assess the gold prospectivity of priority areas and further refine targets for Ausgold’s future exploration planning.

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Thu, 13 Oct 2016 14:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/167339/ausgold-to-assess-gold-potential-at-doolgunna-project-167339.html
<![CDATA[News - Ausgold Ltd teams up with engineering partner for Katanning Gold ]]> https://www.proactiveinvestors.com.au/companies/news/132557/ausgold-ltd-teams-up-with-engineering-partner-for-katanning-gold-70131.html Ausgold Ltd (ASX:AUC) has appointed GR Engineering Services Ltd (ASX:GNG) as its preferred provider of engineering services for the Katanning Gold Project in Western Australia.

GRES will provide services associated with the feasibility study, engineering design, construction and commissioning of processing facilities at Katanning, located 275 kilometres southeast of Perth.

Geoffrey Jones, managing director of GR Engineering, has been appointed to Ausgold’s board as a non-executive director.

Geoffrey Jones is a civil engineer with over 30 years’ experience and is currently the non-executive director of Marindi Metals Ltd (ASX:MZN) and Azumah Resources Ltd (ASX:AZM).

Earlier this month, Ausgold completed a share placement at $0.05 per share, raising $1.05 million.

The proceeds of the placement will be used to accelerate the company’s exploration and resource development programs at Katanning.

The current total mineral resource for the Katanning Gold Project is 16.4 million tonnes at 1.21 g/t for 637,330 ounces gold.

During the coming months, Ausgold plans to complete a maiden reverse circulation drilling program at the Datatine prospect, following the recent high-grade drill results from the White Dam prospect.

The high-grade assay results from White Dam included 9 metres at 8.15 g/t gold from 145 metres including 5 metres at 14.25 g/t gold.

The funding will also allow Ausgold to undertake an aeromagnetic survey across the company’s regional tenements at Katanning, with the objective of identifying further drill targets.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 01 Aug 2016 10:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132557/ausgold-ltd-teams-up-with-engineering-partner-for-katanning-gold-70131.html
<![CDATA[News - Ausgold Ltd to lift cash position ahead of gold drilling ]]> https://www.proactiveinvestors.com.au/companies/news/132556/ausgold-ltd-to-lift-cash-position-ahead-of-gold-drilling-69837.html Ausgold Ltd (ASX:AUC) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

Ausgold currently has a focus on drilling at the Katanning Gold Project, located in Western Australia.

The halt will remain in place until the opening of trade on Tuesday 19th July 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 15 Jul 2016 13:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132556/ausgold-ltd-to-lift-cash-position-ahead-of-gold-drilling-69837.html
<![CDATA[News - Ausgold Ltd finds high-grade gold shoots at Katanning project ]]> https://www.proactiveinvestors.com.au/companies/news/132555/ausgold-ltd-finds-high-grade-gold-shoots-at-katanning-project-68429.html Ausgold Ltd (ASX:AUC) has received encouraging high grade assay results from reverse circulation drilling at the Katanning Gold Project located 275 kilometres southeast of Perth.

The presence of wide gold mineralised halos contain high grade, pipe-like shoots at the White Dam and Jackson prospects.

The high-grade assay results from White Dam included 9 metres at 8.15 g/t gold from 145 metres including 5 metres at 14.25 g/t gold.

The drilling has seen useful assay results that should see an upgraded resource at Katanning.

The current JORC 2012 total mineral resource for the Katanning Gold Project is 16.4 million tonnes at 1.21 g/t gold for 637,330 ounces gold.

The new results have extended the high grade zone at the White Dam deposit by 150 metres and confirm the potential for extending both the White Dam and Jackson mineral resources.

Ausgold is planning to follow up RC and Diamond drilling to expand the White Dam high-grade shoot down plunge as well as systematic drilling to further assess the potential for repetition of shoots.

Ausgold’s shares are trading higher on the back of positive results from the Katanning Gold Project.

 

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Wed, 04 May 2016 14:35:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132555/ausgold-ltd-finds-high-grade-gold-shoots-at-katanning-project-68429.html
<![CDATA[News - Ausgold Ltd hits high-grade gold at Katanning ]]> https://www.proactiveinvestors.com.au/companies/news/132554/ausgold-ltd-hits-high-grade-gold-at-katanning-68044.html Ausgold Ltd (ASX:AUC) has intersected high-grade gold from both the White Dam and the Jackson deposits at the Katanning Gold Project (KGP) in Western Australia.

An assay result of 2 metres at 20.49 g/t gold from 163 metres has been received from a new reverse circulation drill-hole at White Dam.

The results extend the known mineralisation at White Dam by a further 80 metres, extending the overall known mineralisation at White Dam by 150 metres north-east and down plunge.

Assay results have also been received for two reverse circulation holes completed at the Jackson deposit yielding 10 metres at 2.06 g/t gold from 52 metres, which includes 3 metres at 5.04 g/t gold.

The drilling at the Jackson deposit successfully intersected down plunge of the apparent high grade shoot extensions and confirms the presence of lode continuation beyond the current resource.

The KGP is located 275 kilometres southeast of Perth where Ausgold holds over 2,131 square kilometres of land. The relatively under-explored greenstone belt is highly prospective for Archaean gold deposits.

Ausgold’s share price has increased by more than 60% since the beginning of 2016.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 14 Apr 2016 10:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132554/ausgold-ltd-hits-high-grade-gold-at-katanning-68044.html
<![CDATA[News - Ausgold Ltd spots more potential after Katanning gold hit ]]> https://www.proactiveinvestors.com.au/companies/news/132553/ausgold-ltd-spots-more-potential-after-katanning-gold-hit-67943.html Ausgold Ltd (ASX:AUC) intersected high grade gold of 9 metres at 8.15 g/t from 145 metres depth at the White Dam deposit in Katanning Gold Project (KGP), Western Australia.

Another drill hole intersected 5 metres at 4.44 g/t gold from 148 metre depth.

The new results increase confidence in the predicted high grade zones and demonstrate the potential to increase the size of the White Dam deposit.

Mineralisation remains open down plunge, with drill holes completed to test the newly recognised potential for repetitions of mineralisation.

These results are anticipated to both extend the current boundaries of the mineral resource and to increase the confidence of the current geological model.

Air Core drilling is continuing within a 10 kilometre radius of the mine targeting new discoveries.

The KGP is situated approximately 260 kilometres southeast of Perth and 35 kilometres east-north east of Katanning and is accessible by a sealed highway.

Further drill results are expected in weeks to come.

Ausgold’s share price has increased by more than 50% during the last 3 months.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 08 Apr 2016 10:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132553/ausgold-ltd-spots-more-potential-after-katanning-gold-hit-67943.html
<![CDATA[News - Ausgold Limited to raise cash for Katanning Gold ]]> https://www.proactiveinvestors.com.au/companies/news/132552/ausgold-limited-to-raise-cash-for-katanning-gold-67227.html Ausgold Limited (ASX:AUC) is focused on its Katanning Gold project in Western Australia, which hosts a +1 million gold ounce resource on a potential 2000 square kilometre landholding.

Recent results have been impressive.

These include: 20 metres at 7.64g/t gold from 96 metres; and 26 metres at 5.18g/t gold from 49 metres.

Scopy study details include: LOM C1 Cash Costs A$957 per oz (A$879 per oz @ Jinkas); LOM ASIC A$1,116per oz; 4 year LOM producing 212Koz; and Infrastructure capital $45M including a 1Mtpa on site plant.

Ausgold is now heading to market with a capital raising.

The halt will remain in place until the opening of trade on Tuesday 1st march 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 26 Feb 2016 14:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132552/ausgold-limited-to-raise-cash-for-katanning-gold-67227.html
<![CDATA[News - Ausgold drilling to upgrade resources at Western Australia gold project ]]> https://www.proactiveinvestors.com.au/companies/news/132551/ausgold-drilling-to-upgrade-resources-at-western-australia-gold-project-61086.html Ausgold (ASX:AUC) is scheduled to start resource development drilling at the Katanning Gold Project in Western Australia.

This has the following objectives:

- Provide the basis for a thorough review and update of all existing resources to establish potential and requirements to convert resources to reserves;
- Increase confidence in existing drillhole data and provide timely and accurate data for an updated resource calculation;
- Delineate high grade domains within in the Jinkas and Dingo models; and
- Convert and upgrade indicated and inferred resources.

Ausgold has delineated a JORC resource of 878,000 ounces of gold mostly within ML70/211 at the project.

The Katanning Gold Project is located 275 kilometres southeast of Perth.

The holds over 2,440 square kilometres and a dominant ground position in this relatively underexplored greenstone belt.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 05 Mar 2015 14:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132551/ausgold-drilling-to-upgrade-resources-at-western-australia-gold-project-61086.html
<![CDATA[News - Ausgold Limited's shares soar ]]> https://www.proactiveinvestors.com.au/companies/news/132550/ausgold-limiteds-shares-soar-53196.html Ausgold Limited (ASX: AUC) shares are on a rampage, soaring to $0.069 intra-day today from from $0.017 last week.

The company recently raised $1,154,270 via a rights issue at $0.015, with free listed options on a 1 for 2 basis, expiring on 15th May 2015 with a strike price of $0.05.

The funds raised from this rights issue will be used to drill new high grade gold targets identified at Katanning, Western Australia.

In yesterday's ASX price and volume query, the company cited the new gold targets defined at Katanning by SRK Consulting as a possible explanation for the explosion in trading volume and share price.

There will be some particularly happy Ausgold holders at the moment; those that participated in the $0.015 rights issue, and those that bought at the end of December, when shares were available on market for just $0.01.

A seven-bagger in two months is a healthy return, with the company now capitalised at around $13 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 26 Feb 2014 13:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132550/ausgold-limiteds-shares-soar-53196.html
<![CDATA[News - Ausgold starts new drilling program at Katanning Gold project ]]> https://www.proactiveinvestors.com.au/companies/news/132549/ausgold-starts-new-drilling-program-at-katanning-gold-project-38372.html Ausgold (ASX:AUC) will start a new drilling program at the Katanning gold project in Western Australia later this week with 7,000 metres of aircore program designed to test new electromagnetic and magnetic targets.

It will also follow up on the mineralised zones discovered through previous drilling programs.

The company has recently declared its maiden mineral estimate at 10.4 million tonnes averaging 1.21 grams per tonne of gold for a contained 403,000 ounce of gold.

The Measured Resource is 1.08 million tonnes at 1.47 g/t gold, with the Indicated Resource at 4.28 milliton tonnes at 1.27 g/t gold and the Inferred Resource is 5Mt at 1.1 g/t gold.

The new drilling follows up on from previous drilling by the company at Lukin, Dingo and Jackson as well s following up on historic results at Datatine where previous drilling had intersected 5 metres at 13.6 g/t gold.

The Company’s flagship project remains the Katanning Gold Project, defined by a linear belt of geochemical anomalism that straddles a major deformation zone.

Within this zone Ausgold has identified a series of major geochemical anomalies that define a prospective target over twenty kilometres along strike and remaining open to both the North and South.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 17 Jan 2013 14:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132549/ausgold-starts-new-drilling-program-at-katanning-gold-project-38372.html
<![CDATA[News - Ausgold identifies priority targets at Katanning Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/132548/ausgold-identifies-priority-targets-at-katanning-gold-project-36443.html Ausgold (ASX: AUC) has identified two priority drill targets using a combination of electromagnetic and aeromagnetic data at its Katanning Gold Project.

The data led to the recognition of coincident magnetic and EM anomalies that are close to known mineralisation but not tested by previous drilling at the Western Australia project.

Ausgold added the EM anomalies are resistive at early times and become conductive at later times possibly related to sulphide mineralisation.

These targets will be tested in the next drilling program, which is expected to start in January 2013.

A major gold discovery has been made at Katanning, together with the discovery of a new Archean greenstone belt 200 kilometres in length surrounding the discovery.

The Katanning Gold Project has demonstrated the potential to become a multi-million ounce deposit.

The project is located 190 kilometres southeast of Newmont Mining’s 30 million ounce Boddington mine on a parallel greenstone belt.

The Katanning Belt is similar to the Southern Cross Belt that has produced 10 million ounces of gold.

Exploration, which began in September 2010, has now identified continuous gold mineralisation at Katanning over a strike length of 20 kilometres. 

Multiple gold targets have been identified from reverse circulation drilling, aircore drilling and geochemistry.

Over 50 follow up targets have been identified outside of the Katanning discovery.

 

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Tue, 27 Nov 2012 12:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132548/ausgold-identifies-priority-targets-at-katanning-gold-project-36443.html
<![CDATA[News - Ausgold readies for aeromagnetic survey at Katanning ]]> https://www.proactiveinvestors.com.au/companies/news/132547/ausgold-readies-for-aeromagnetic-survey-at-katanning-33308.html Ausgold (ASX: AUC) is set to begin a detailed aeromagnetic survey at its Katanning Gold Project in the Yilgarn region of Western Australia next week to test the prospectivity of the area.

The company is targeting the definition of a maiden JORC Resource for the project in the December quarter of 2012.

Ausgold has engaged GPX Surveys to undertake the survey across the 25 kilometre by 6 kilometre core zone of the project.

The survey is expected to take around a week, with data to be available at the end of September 2012.


Multi-million ounce potential

A major gold discovery has been made at Katanning, together with the discovery of a new Archean greenstone belt 200 kilometres in length surrounding the discovery.

The Katanning Gold Project has demonstrated the potential to become a multi-million ounce deposit.

The project is located 190 kilometres southeast of Newmont Mining’s 30 million ounce Boddington mine on a parallel greenstone belt.

The Katanning Belt is similar to the Southern Cross Belt that has produced 10 million ounces of gold.

Exploration, which began in September 2010, has now identified continuous gold mineralisation at Katanning over a strike length of 20 kilometres. 

Multiple gold targets have been identified from reverse circulation drilling, aircore drilling and geochemistry.

Over 50 follow up targets have been identified outside of the Katanning discovery.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Tue, 11 Sep 2012 16:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132547/ausgold-readies-for-aeromagnetic-survey-at-katanning-33308.html
<![CDATA[News - Ausgold aircore drilling extends gold systems at Quadrio ]]> https://www.proactiveinvestors.com.au/companies/news/132546/ausgold-aircore-drilling-extends-gold-systems-at-quadrio-28402.html Ausgold (ASX: AUC) has extended two large gold systems at the Quadrio Joint Venture Project in Western Australia following completion of an aircore drilling program.

Existing anomalies at the Woods Road/Bullock Pool prospects prospect have been extended, with mineralisation remaining open along strike.

In addition, drilling at Nanicup Bridge identified new gold corridors more than 22 kilometres long, which also remain open along strike.

The two new anomalous zones have a total strike length of more than 60 kilometres.

Both systems bear similarities to the main geochemical anomalies at Ausgold’s Katanning Gold Project, where a 20 kilometre long gold mineralised system has already been defined.

Geophysical surveys and reverse circulation drilling is planned for priority areas.

Ausgold has a 60% interest in the Bullock Pool and Nanicup Bridge prospects, adjacent to Ausgold’s Katanning project, with the remainder owned by Quadrio Resources, a subsidiary of Kingsgate Consolidated (ASX: KCN).



Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Thu, 03 May 2012 09:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132546/ausgold-aircore-drilling-extends-gold-systems-at-quadrio-28402.html
<![CDATA[News - Ausgold extends gold mineralisation at Boddington South ]]> https://www.proactiveinvestors.com.au/companies/news/132545/ausgold-extends-gold-mineralisation-at-boddington-south-21278.html Ausgold (ASX: AUC) has identified extensions to gold mineralisation at the Katanning Gold Discovery, part of the Boddington South project in Western Australia.

Drilling at Katanning has highlighted major open-ended soil anomalism extending 1.8 kilometres north from the current extent of the Jinkas gold mineralisation through to the Olympia prospect on the eastern mineralised corridor.

The area delineated by soil geochemistry and drilling is now 10 kilometres long.

The results also indicated the continuation of gold mineralisation on the western corridor over 1.5 kilometres from the Lone Tree prospect to beyond the Jackson deposit.

Importantly, a strong gold soil anomaly south of Jackson indicates the mineralisation could extend a further 500 metres south.

Highlights from the latest assay results from a number of prospects include:


-    10 metres at 7.86 grams per tonne (g/t) gold from 81 metres, including 1 metre at 52.95g/t gold
-    3 metres at 18.77g/t gold from 47 metres, including 1 metre at 51.34g/t gold
-    3 metres at 10.25g/t gold from 134 metres, including 1 metre at 27.65g/t gold

In addition to drilling, Ausgold is developing a significant multi-element database from partial leach ionic soil geochemistry.

This has revealed significant multi-element associations, with similarities to mineralisation at Nemont’s 26 million ounce Boddington Gold Mine, which lies to the north west of Katanning.

A 35,000 metre reverse circulation and diamond drilling program has begun on a 4.25 kilometre section of the eastern corridor, near Jinkas.

The drilling will advance on 80 metre section lines and scope the depth continuity of gold mineralisation, drilling down to 500 metres on selected 200 metre sections.

An initial Resource will be calculated on completion of this program.

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Thu, 27 Oct 2011 17:26:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132545/ausgold-extends-gold-mineralisation-at-boddington-south-21278.html
<![CDATA[News - Ausgold disovers gold south of Newmont's Boddington gold mine ]]> https://www.proactiveinvestors.com.au/companies/news/132544/ausgold-disovers-gold-south-of-newmonts-boddington-gold-mine-18230.html Ausgold (ASX: AUC) has intersected primary gold mineralisation from initial drilling at the Jackson prospect, part of the company's Katanning Gold Discovery located southeast of Newmont’s (NYSE: NEM) 26 million ounce Boddington Gold Mine.

There is potential for a third ore body at the Katanning Gold Discovery as the geometry of the Jackson ore body mirrors the Jinkas and Dingo mineralisation.

Highlights include:

- 10 metres at 11.28 grams per tonne (g/t) gold from 17 metres;
- 12 metres at 3.12 g/t gold from 34 metres; and
- 4 metres at 7.05 g/t gold from 10 metres.

The company has now completed 40,000 metres of drilling. At the Dingo prospect gold mineralisation now exceeds 1 kilometre in length and remains open at strike and depth.

Ausgold said it will use the information gathered from these results to determine the next stage of drilling to further explore the potential at Jackson.

Benjamin Bell, CEO, said “we are currently experiencing a backlog of assay results from the laboratory covering Dingo, Jackson and Olympia, it is important to note at Dingo that from results reported to date, wide zones of mineralisation continue to be intersected as the drilling program continues to the south.

"The company is currently assessing its options to streamline thisprocess to avoid future delays.”

In other news an experienced regional manager, Russell Birrell, has been appointed to oversee regional exploration across entire Boddington South Project.

Ausgold’s Katanning Gold Discovery lies within the Boddington South Exploration Project, located southeast of Perth and covers an area in excess of 6,000 square kilometres over the Southwest Terrain of the Yilgarn Craton.

Ausgold has previously announced a JORC gold resource of 241,800 ounces for the project.

The company aims to expand the regional exploration campaign across its vast ground holding to identify additional gold deposits beyond the significant mineralised corridors at Katanning.

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Fri, 29 Jul 2011 09:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132544/ausgold-disovers-gold-south-of-newmonts-boddington-gold-mine-18230.html
<![CDATA[News - Ausgold drilling confirms thick ore zone at Boddington South Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/132543/ausgold-drilling-confirms-thick-ore-zone-at-boddington-south-gold-project-12064.html Assays from the first six holes of Ausgold's (ASX: AUC) drilling program on the Jinkas ore body within its Boddington South Gold Project, have confirmed a thick ore zone that continues at depth and along strike of the current gold resource.

Boddington South is located within the underexplored Southwest Yilgarn region of Western Australia. This region hosts Newmont Mining's (NYSE: NEM) 26 million ounce Boddington Gold Mine, Australia's largest current gold mine.

Results include:

- 19 metres @ 3.93 g/t Au
- 14 metres @ 3.73 g/t Au (including 1 metre @ 11.80 g/t Au and 1 metre @ 10.40 g/t Au); and
- 10 metres @ 4.50 g/t Au (including 1 metre @ 20.20 g/t Au).

Work completed so far indicates that the characteristics of the company’s ore bodies are similar to Newmont’s world-class gold deposit.

Ausgold has previously announced a JORC-compliant gold resource of 241,800 ounces for the project.

Significantly, Ausgold’s current mineral resource is based on shallow drilling limited to only 30 metres below the ground surface with the company’s gold deposits currently open along strike in both directions as well as at depth.

The objective of Ausgold’s current 287-hole (20,000 metre) reverse circulation drill program is to increase the project’s gold resource through drill testing the strike and depth continuations of the known ore bodies.

Ausgold has a market capitalisation of A$54.93 million and had A$6.52 million cash at the end of the September quarter.


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Fri, 26 Nov 2010 16:36:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132543/ausgold-drilling-confirms-thick-ore-zone-at-boddington-south-gold-project-12064.html
<![CDATA[News - Ausgold intersects copper and nickel mineralisation at Yamarna ]]> https://www.proactiveinvestors.com.au/companies/news/132542/ausgold-intersects-copper-and-nickel-mineralisation-at-yamarna-10235.html Ausgold (ASX: AUC) has intersected copper and nickel mineralisation at the Winchester Prospect at Yamarna, situated within the Eastern Goldfields of Westralia Australia, approximately 370 kilometres northeast of Kalgoorlie.

The only hole drilled into the VTEM anomaly at Winchester intersected:

- 31 metres @ 0.58% Cu & 0.35% Ni from 29 metres including;
- 1m @ 1.32 % Cu & 1.05% Ni from 39m;
- 1m @ 2.46% Cu & 0.70% Ni from 57m; and
- Anomalous gold values of >0.15 g/t Au over single metres within this zone at depths of 33, 38 and 50 metres.

Ausgold's airborne electromagnetic survey identified 19 conductive targets, with the company recently completing a 1,200 metre RC program across the Yamarna project.

The program was designed to drill test six bedrock conductors with a targeted drill hole into each anomaly, with a down-hole electromagnetic survey was also completed for each hole.

Ausgold has received the assay results for the first three drill, which confirm the presence of copper and nickel mineralisation.

Assay results of the remaining holes are currently pending.

Ausgold, with the assistance of Southern Geoscience Consultants, is currently finalising the design of number of ground electromagnetic surveys over the project area with follow-updrilling of the Winchester Prospect anticipated commence in October.

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Thu, 23 Sep 2010 06:12:00 +1000 https://www.proactiveinvestors.com.au/companies/news/132542/ausgold-intersects-copper-and-nickel-mineralisation-at-yamarna-10235.html
<![CDATA[News - Ausgold kicks off exploration at Doolgunna Station and Pinjin Goldfields ]]> https://www.proactiveinvestors.com.au/companies/news/132541/ausgold-kicks-off-exploration-at-doolgunna-station-and-pinjin-goldfields-3919.html Newly-listed company Ausgold (ASX: AUC) will conduct high-resolution aeromagnetic surveys over the company’s prospective Doolgunna Station and Pinjin Goldfields in Western Australia - a week after listing on the Australian Securities Exchange.

The news saw shares in the Perth-based company increase 4.5% to 23c.

Ausgold anticipates these surveys to commence in early January 2010 with the consequent results enabling the company to identify priority targets within these two proven mineral provinces for follow-up drill testing in early 2010.

The Doolgunna Station project is located 125km north of Meekatharra and immediately adjoins Sandfire Resources’ Degrussa tenement to the east and Alchemy Resources’ Three Rivers gold project to the south.

The geological region is also host to the Plutonic and Peak Hill gold mines.

The aeromagnetic survey will cover the entire tenement at a flight line spacing of 100 metres with a nominal flight height of 50 metre, and flown perpendicular to the series of northeast-trending shears interpreted as being spatially associated with the region’s gold mineralisation.
Pinjin Goldfields.

The Pinjin Goldfields project is approximately 150km northeast of Kalgoorlie and situated within the Anglo Saxon trend of the Eastern Goldfields being the southern extension of the Laverton Tectonic Zone – host of the Wallaby, Sunrise and Granny Smith gold mines.

This survey is designed to map deformation structures within the company’s project area as gold deposits across this region of the Eastern Goldfields appear to be associated with such geological structures.

To ensure optimal resolution over potential targets the flight lines of the Pinjin Goldfields aeromagnetic survey have been oriented east-west and spaced 100 metres apart.

These surveys represents the start of Ausgold’s $8 million ‘in-ground’ gold and copper exploration program and comes on top of an 1,100 line kilometre airborne electromagnetic (VTEM) survey targeting copper-gold mineralisation within the company’s Koonenberry projects.

The Koonenberry VTEM survey, as outlined in Ausgold’s Prospectus, is also scheduled to commence in early January 2010.

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Tue, 22 Dec 2009 11:54:00 +1100 https://www.proactiveinvestors.com.au/companies/news/132541/ausgold-kicks-off-exploration-at-doolgunna-station-and-pinjin-goldfields-3919.html