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- Great Southern Mining (GSN) has resumed reverse circulation (RC) drilling at the Mon Ami Gold Project in WA after the Christmas break
- Drilling will target near-surface, high-grade gold mineralisation to improve the open pit potential, as well as a deep high-grade target
- First results are expected from February and once received, Great Southern will use them to complete a resource upgrade
- Once drilling wraps up at Mon Ami work will resume at the Cox’s Find Project where nine RC holes were drilled in December and results are pending
- An additional 15 holes have been planned to continue testing three target areas
- Shares in Great Southern are up 5.43 per cent on the market and are trading at 9.7 cents
Great Southern Mining (GSN) has resumed reverse circulation (RC) drilling at the Mon Ami Gold Project after the Christmas break.
Mon Ami lies 12 kilometres southeast of Laverton in Western Australia and is made up of one mining lease and one exploration licence.
Historically, it has produced over 25 million ounces of gold and has an inferred mineral resource of 1.1 million tonnes at 1.7g/t gold for 95,000 ounces.
Drilling will target near-surface, high-grade gold mineralisation to improve the open pit potential, as well as a deep high-grade target.
First results are expected from February and, once received, Great Southern will use them to complete a resource upgrade.
“The drilling at Mon Ami is expected to support an upgrade to the existing mineral resource in the first half of 2021 as part of the potential development pathway identified,” CEO Sean Gregory said.
“A gold mine at Mon Ami could be a useful source of cash for Great Southern to fund our aggressive exploration plans at depth at Mon Ami, Cox’s Find and in North Queensland,” he added.
Once drilling wraps up at Mon Ami work will resume at the Cox’s Find Project where nine RC holes were drilled in December and results are pending.
An additional 15 holes have been planned for late January to continue testing three target areas, with results expected in February.
Shares in Great Southern are up 5.43 per cent on the market and are trading at 9.7 cents at 11:33 am AEDT.
