Source: Great Southern Mining
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Great Southern Mining (GSN) recovers a record gold intercept adjacent to the Southern Star deposit at its Duketon Gold Project in Western Australia
  • The intercept measures 68 metres at 1.9 grams of gold per tonne (g/t) from 61 metres, including 15.3g/t gold from 89 metres and five metres at 7g/t gold from 114 metres
  • The results hail from GSN’s ongoing reverse circulation program, which has seen 4656 metres of drilling completed since the company acquired the project in February
  • Discussions with drilling contractors are underway for further priority work at the deposit
  • Shares have closed up 4.11 per cent at 7.6 cents each

Great Southern Mining (GSN) has recovered a record gold intercept from an area adjacent to the Southern Star deposit at its Duketon Gold Project in Western Australia.

The company is conducting a reverse circulation (RC) drilling program near Southern Star and has drilled 4656 metres since acquiring the project in February.

The latest batch of results, the fourth returned from the program to date, shows several significant intersections, including a record 68 metres at 1.9 grams of gold per tonne (g/t) from 61 metres.

This intercept also includes four metres at 15.3g/t gold from 89 metres and five metres at 7g/t gold from 114 metres.

The company’s CEO Sean Gregory said Southern Star had once again delivered thick, high-grade intercepts that confirmed the grade continuity and depth potential of the deposit.

“This reinforces the imperative to continue drilling what is shaping up as a very substantial gold deposit,” he said.

“Discussions have commenced with RC and diamond drilling contractors to see drilling resume at Southern Star as a priority.”

Meanwhile the program also saw three drill holes re-entered.

One of these holes was shown to contain 15 metres at 2.1g/t gold per tonne from 113 metres, including two metres at 12.5g/t gold — replacing a much lower-grade intersection announced previously.

Looking ahead, Great Southern Mining is planning further RC and diamond drilling to test the discovery zone, strike extensions and depth potential at Southern Star.

Shares closed up 4.11 per cent at 7.6 cents each.

GSN by the numbers
More From The Market Online

WA1 Resources jumps 6% on high-grade niobium from drilling at Luni

WA1 Resources has jumped 6.5% in morning trades as the market responds favourably to the company's…
The Market Online Video

Barton Gold taps investors for $4M to fund Tunkillia study; drilling

Barton Gold (ASX:BGD) has announced it's raising $4M to advance key project studies at its Tunkillia…
The Market Online Video

Lithium Plus heading towards feasibility works at Lei deposit; MRE growth potential flagged

Lithium Plus Minerals (ASX:LPM) has revealed the company is preparing to get underway with feasibility works…

FireFly Metals announces port access & expansion; CFO resignation

FireFly Metals has inked a Port Access Agreement with TSXV-listed Maritime Resources Corp (TSXV:MAE), enabling FireFly…