Drilling kicks off at Great Southern WA Duketon | Australian Markets

Nice Southern Mining has kicked off a reverse circulation drilling marketing campaign at its Duketon gold project, which spans 178 sq. kilometres within 13 nearly contiguous leases in Western Australia’s Jap Goldfields.

This system has been designed to unlock the complete potential of its promising Golden Boulder prospect which beforehand produced some spectacular outcomes earlier than the rig is moved onto a number of different high-priority

The company accomplished a share placement earlier than Christmas to raise $2.4 million in contemporary equity that can help with the marketing campaign, with administrators sending out a constructive message by stumping up $152,000 of their own money.

Earlier drilling at Golden Boulder included 4m grading 5.64 grams per tonne (g/t) gold, that includes a standout 2m working at 9.89 g/t gold. One other 3m hit got here in at 4.80 g/t gold, together with a 1m part at 12.45 g/t gold and a 4m hit graded 6.8 g/t gold within an 8m intercept of 3.9g/t gold.

The new marketing campaign will goal the Foremost and East mineralised trends to construct on a 1.4-kilometre strike size that was first unearthed within the 2024 marketing campaign.

Golden Boulder is one of GSN’s top-ranking prospects within the Duketon project. Golden Boulder hosts three mineralised trends and, previous to the company’s first marketing campaign in 2021, it had seen minimal drilling because the Nineteen Nineties. We’re eager to execute a high-impact and cost-effective program.

Historic workings at web site from 1900 to 1955 produced almost 1,800 ounces of gold at an spectacular average grade of 28.6 g/t gold. Regardless of its wealthy previous, nonetheless, a lot of the world has remained underexplored, with many of the drill holes not going deeper than 40m.

Golden Boulder is in an up-market geological deal with on the well-known north-south trending Duketon Greenstone Belt which is host to Regis Sources’ 8-million-ounce Backyard Effectively project barely to the north.

Additionally it is close to Regis’ neighbouring gold deposits at Rosemont the place it’s sitting on more than 2 million gold ounces and its Ben Hur deposit with 390,000 ounces of gold.

Including to the prospectivity of Nice Southern’s grounds, the large Gold Fields-owned Granny Smith gold mine sits simply 40km to the south and the Ashanti gold-owned Dawn Dam gold operations are simply a little additional south again.

These two operations alone have been accountable for more than 10 million ounces of gold manufacturing and doubtlessly present a strategic alternative for Nice Southern.

Ought to the company make a discovery, it could possibly initially toll deal with its ore at one of the large mines to generate some early income.

Separate to its ambitions to develop a gold mine in Western Australia, Nice Southern lately jumped into mattress with three way partnership companion, Gold Fields Ltd to discover for large porphyry gold-copper systems at its huge Edinburgh Park Challenge in Queensland.

A latest induced polarisation (IP) survey carried out by the mega miner unearthed a large, 2km-wide geophysical anomaly, which it believes has the potential to host a large-scale intrusive associated gold-copper and/or an epithermal gold deposit.

Geochemical sampling over the interpreted anomaly stretches throughout 4kms by 1km and has kicked up high concentrations of gold, silver, copper and significantly molybdenum, a typical marker of a porphyry deposit.

Proof of outcropping rocks wealthy in sulphides above the anomaly from earlier subject mapping has solely added to the thrill given sulphides could be a sturdy indicator of close by mineralisation.

With a drill rig now on web site at Duketon and Gold Fields pushing on with helicopter-borne IP, aeromagnetic surveys and on-ground mapping at Edinburgh Park, Nice Southern will not be more likely to be short of doubtlessly attention-grabbing news circulation within the coming months.

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