Great Southern scores more high-grade hits in | Australian Markets

Great Southern Mining has assayed 3 metres at 2.55 grams per tonne (g/t) gold from 33m, together with 1m at 6.48g/t gold, in the ultimate outcomes from the company’s February reverse circulation drilling program at its Golden Boulder East pattern, within its Duketon project in Western Australia.

The gap included a separate intercept of 2m at 1.81g/t gold from 42m. A second gap probed 1m assaying 1.02g/t gold from 53m and 2m at 1.42g/t gold from 60m.

Three different holes drilled on the company’s Golden Boulder Main pattern delivered 2m at 2.10g/t gold from 18m, 1m at 1.16g/t gold from 69m and 1m at 1.70g/t gold from 81m, and 2m at 1.60g/t gold from 24m, respectively.

In late March, the company reported two emphatic hits from Golden Boulder, with one gap intercepting 4m at 2.03g/t gold from 24m, together with 2m at 3.5g/t gold, whereas a separate 5m intercept in the identical gap delivered 14.57g/t gold from 41m, together with 1m at a scorching 70.94g/t.

A second beforehand reported gap bored out 1m at 2.20g/t gold from 61m, 1m at 1.05 g/t gold from 88m and 2m at 12.56g/t gold from 99m, together with 1m at a respectable 18.21g/t gold.

Last month’s two high-grade outcomes and Great Southern’s latest 1m at 6.48g/t consequence verify that good grades may be discovered in the system.

These seem to happen within envelopes carrying decrease however nonetheless vital grades. Great Southern may even see this as significantly encouraging contemplating the present gold climate, the place the yellow metallic is operating at $5282 per ounce, which interprets to a as soon as unbelievable $169 per gram gold.

Golden Boulder consists of three parallel trends, the Main line, Eastern line and Ogilvies, which type half of a distinct north-south structural hall offering ample proof of gold mineralisation in a number of close by and infrequently vital deposits.

These embrace Regis’ more than 2-million-ounce Rosemont deposit, 380,000-ounce Baneygo show and the 390,000 ounces of gold that comprise its Ben Hur deposit.

Apart from these more notable operations, more than 50 historic workings have been recognized within a 3-kilometre strike pattern of Golden Boulder and its adjoining associated zones.

Mines division data seek advice from historic manufacturing for the world between 1900 and 1955 of 1915 tonnes, averaging 28.6g/t gold for 1761 ounces of gold.

Serendipitously, the Golden Boulder Main line of mineralisation is concentrated in quartz veins within steeply dipping, stacked shears hosted in doleritic geology, that means that gold occurrences are comparatively predictable, enabling the company to nail intercepts within 10m of the depths predicted in modelling.

The company says the Eastern pattern – about 1km north of and 300m east of the Main pattern – follows a sheared sequence of sedimentary and ultramafic strata, which is intruded by a sheared dolerite and a felsic porphyry. Mineralisation happens close to the intruded contacts.

This latest spherical of drilling on the Golden Boulder prospect has highlighted continuity of mineralisation and a propensity for shallow, high grade gold intercepts. Mineralisation has been outlined over a strike size of 1.5 kilometres and, importantly, the lately accomplished heritage survey will allow our staff to drill check further targets for a additional 2 kilometres to the south.

In different work, the company’s first drilling program at its Boundary prospect has additionally met with success. Boundary is about 4km southeast of Golden Boulder and on the primary pattern that features Regis’ Ben Hur and Garden Well operations.

Four of seven holes on the prospect have thrown up grades of higher than 1g/t gold, together with the company’s most up-to-date intercept of 2m at 1.31g/t gold from 112m, together with 1m at 2.06g/t gold.

Great Southern has additionally put in a small first program of scout drilling at its Ogilvie North prospect, involving 5 holes arrayed alongside a 600m strike.

The program is testing a 1km-long floor gold anomaly, which coincides with a magnetic low in the northern half of the Ogilvie line of strike within Great Southern’s ground.

While the source of the floor anomalism stays to be resolved, the best response to this system was 2m at 0.66g/t gold from 122m, related to hematite alteration.

Great Southern is now engaged in modelling and interpretation to organize for more drill testing deliberate for the company’s Southern Star, Golden Boulder and Amy Clarke prospects, all targeted on useful resource definition.

Great Southern’s Duketon project embraces more than 400 sq. kilometres of ground in a demonstrably well-endowed gold belt. The company has outlined a number of targets alongside the three primary structural trends that host most of the gold deposits in the Duketon greenstone belt, many of which have but to be examined.

The company has sought and has been granted heritage clearance for the possible hall that extends south of the mineralised trends at Golden Boulder, which is able to allow additional exploration – together with a drilling program – for an further two kilometres southward alongside strike.

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