- Great Southern Mining (GSN) identifies four drill-ready gold targets at its Duketon Project in Western Australia
- The targets have been identified through a review of historical drilling data and have shown to be highly prospective areas for gold
- Drilling of these targets will be added to GSN’s current reverse circulation program which is focused on the Southern Star tenement
- Following this, the rig will move to the One Weight Wonder prospect
- Company shares are up 6 per cent and trading at 5.3 cents
Great Southern Mining (GSN) has identified four more gold targets for drilling at its Duketon Project in Western Australia.
These drill-ready targets include the Ogilvie’s, Golden Boulder, Erlistoun Main Line and Erlistoun East Line areas.
Great Southern conducted a review of historical drilling data which uncovered these targets.
The review showed that all targets have previously returned moderate to high grades of gold from 2.5 grams of gold per tonne (g/t) to 11.1g/t gold. What’s more is that they’re known to be highly prospective areas for gold accumulation.
CEO Sean Gregory was pleased to have identified new targets ready for drilling.
“Great Southern Mining is in an enviable position as we have multiple drill-ready targets set to go and are on the ground drill testing them,” Mr Gregory said.
“The Erlistoun trend has had no systematic deep drilling on it whatsoever, which is compelling considering just how many deposits in the Duketon Belt are found along these regional mineralised structures.”
Great Southern is currently undertaking a 3500-metre reverse circulation (RC) drilling program focused on the Southern Star tenement. Once this has been completed, the drill rig will move to the One Weight Wonder prospect which has never seen deep RC drilling.
In terms of the recently identified targets, the company has completed the drill design. It also completed a heritage survey last month and a program of works application has been approved which allows it to extend the current RC drilling program.
Company shares were up 6 per cent and trading at 5.3 cents at 2:13 pm AEST.