Sign up Australia
Proactive Investors - Run By Investors For Investors

Ausgold Ltd spots more potential after Katanning gold hit

Ausgold Ltd spots more potential after Katanning gold hit

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.

View full AUC profile View Profile

Ausgold Ltd Timeline

Newswire
October 06 2017
Newswire
June 05 2017
Newswire
November 28 2016

Related Articles

drill rig
September 15 2018
The company is well funded to fast‐track its flagship project towards completion of a definitive feasibility study, anticipated in Q3 2019.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use