Source: Great Southern Mining
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Great Southern Mining (GSN) confirms grade and depth potential from the latest assays at the Southern Star gold deposit within its Duketon project in Western Australia
  • The results come from a recent reverse circulation drill program which targeted southern extensions to known mineralisation and aimed to confirm grade continuity within the main zones
  • GSN says the results support the potential for a resource development opportunity
  • It is now planning to follow up on high-priority drill targets and conduct a multielement analysis
  • Shares are trading steady at 4.3 cents at 2:10 pm AEST

Great Southern Mining (GSN) has confirmed the grade and depth potential from the latest assays at the Southern Star gold deposit within its Duketon project in Western Australia.

The company conducted a reverse circulation (RC) drill program which targeted southern extensions to known mineralisation and aimed to confirm grade continuity within the main zones.

One of the best results hit 69 metres at 1.1 grams per tonne (g/t) gold from 39 metres, which included a higher grade core of 10 metres at 3.5 g/t gold and two metres at 12 g/t gold.

GSN said the results support the potential for a resource development opportunity.

Executive Chairman John Terpu said there is more than five kilometres of the strike to test, which could unveil further opportunities.

“The results from our latest drilling program reinforce what is shaping up as a very sizeable gold deposit,” he said.

“The more drilling we do, the more confident we are of this becoming a deposit of substantial size and scale.”

The company is now planning to follow up on high-priority drill targets and conduct multielement analysis.

Shares were trading steady at 4.3 cents at 2:10 pm AEST.

GSN by the numbers
More From The Market Herald

" Ausgold (ASX:AUC) hits further high-grade gold across Katanning project, WA

Ausgold (ASX:AUC) hits further high-grade gold intercepts at its Katanning gold project in Western Australia.
AusQuest (ASX:AQD) - Managing Director, Graeme Drew

" AusQuest (ASX:AQD) begins RC drilling at Morrisey

AusQuest (ASX:AQD) has begun reverse circulation (RC) drilling at the Morrisey Nickel-Copper-Platinum Group Element (PGE) Project…
PEXA (ASX:PXA) - Chairman, Mark Joiner

" PEXA (ASX:PXA) to begin digital remortgaging this year

PEXA Group (ASX:PXA)¬†has confirmed its first wave of lenders will begin digital remortgaging in the UK…
HITIQ (ASX:HIQ) - CEO, Mike Vegar

" HITIQ (ASX:HIQ) secures third Australian innovation patent

HITIQ (ASX:HIQ) has secured a third Australian innovation patent related to its virtual reality (VR) concussion…