Great Southern jags high-grade gold in first | Australian Markets

Great Southern Mining has jagged high-grade gold with an eye-opening intercept of 1 metre grading 70.94 grams per tonne (g/t) gold within a 5m part of 14.57g/t gold from 41m at its Duketon gold project in Western Australia’s Eastern Goldfields.

The company’s 3678-metre reverse circulation drilling marketing campaign to check earlier recognized shallow mineralisation kicked off in January and is now full. If the spectacular outcomes of the first 18 holes are something to go by, the Perth-based gold explorer will possible be champing on the bit on the prospect of assays from the remaining 20 holes.

In the shallower sections, the drill bit hit 8m going 1.77g/t gold from 27m and 6m grading 1.19g/t gold from 46m.

The drilling program on the company’s Golden Boulder prospect follows exploration packages in 2021 and 2024 that demonstrated constant near-surface mineralisation with intercepts reminiscent of 4m grading 5.64g/t gold and 8m at 3.90 g/t gold.

Plunging into the deeper zones the rig additionally picked up sniffs of high-grade mineralisation, together with 1m at 18.21g/t gold within a 2m intercept of 12.56g/t gold from 99m and 1m working at 5.64g/t gold from 105m.

Another deep gap intercepted 1m at 3.9g/t gold at 86m depth and a secondary 1m strike grading 5.56g/t gold within a 3m slice at 2.85g/t gold from 120m.

This latest spherical of drilling on the Golden Boulder prospect continues to characteristic shallow gold mineralisation with a propensity for high-grade intervals. GSN’s geological group are building confidence in their concentrating on in this area and are persistently hitting mineralised shears close to modelled places.

The company says the hits at depth are a thrilling addition to the prospect and have opened the intriguing risk of even larger treasures mendacity beneath emanating from three deeper lodes stretching throughout nearly 500m of strike.

The Golden Boulder prospect space has a wealthy historical past of old-timer manufacturing courting back to the early 1900s, making it a prime goal for discoveries utilizing trendy exploration techniques.

It additionally sits on a outstanding shear zone in the well-known north-south trending Duketon greenstone belt, the place it’s surrounded by Regis Resource’s broader 8-million-ounce Garden Well project.

Garden Well already hosts a number of giant deposits, together with the 2m ounce Rosemont gold mine, the 380,000-gold-ounce Baneygo pit and the Ben Hur orebody containing 390,000 ounces of gold.

Highlighting the prospectivity of Great Southern’s grounds, the huge Gold Fields Limited-owned Granny Smith gold mine is 40 kilometres south and the Ashanti gold-owned Sunrise Dam gold operations are a little additional south again.

The two mega operations have produced more than 10 million ounces of gold mixed, highlighting the area’s monumental mineral potential. Their proximity may additionally current a strategic benefit for Great Southern, positioning it within spitting distance of world-class mining infrastructure and experience.

Apart from the company’s give attention to discovering and developing a useful resource at its Duketon gold project, Great Southern has teamed up with mining giant Gold Fields Ltd in a three way partnership to hunt for enormous porphyry gold-copper systems at its sprawling Edinburgh Park project in Queensland.

A latest induced polarisation survey at Edinburgh Park has uncovered two large-scale intrusive-related anomalies.

The Leichhardt Creek prospect is a colossal 2km-wide geophysical anomaly that has raised hopes of a huge gold-copper system or a wealthy epithermal gold deposit.

The Mt Dillon prospect has comparable markers to Leichhardt Creek and lies beneath a huge silicified lithocap masking a number of sq. kilometres.

Adding to the intrigue, the induced polarisation survey lit up with chargeability indicators at 200m to 300m deep, hinting on the risk of a sulphide-rich, well-preserved porphyry system lurking beneath.

With assay outcomes nonetheless to return, Great Southern’s latest drilling marketing campaign could possibly be a game-changer for the company, significantly in a surging gold market the place high-grade, near-surface and quick-to-develop gold discoveries look like drawing the punters’ consideration.

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