Great Southern Mining (ASX:GSN) - CEO, Sean Gregory (left)
CEO, Sean Gregory (left)
Source: Sean Gregory/Twitter
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  • Great Southern Mining (GSN) has updated the market regarding exploration and drilling at the Cox’s Find Project in WA
  • Throughout December and January, Great Southern drilled 23 reverse circulation (RC) holes to test previously identified structural models
  • Of the results received, up to 1.1g/t gold has been intersected
  • Furthermore, review of the recently acquired Golden Star tenement has identified multiple targets that require immediate attention
  • Up to 90g/t gold has been previously intersected and as a result, Golden Star needs immediate attention and planning for upcoming drilling programs is underway
  • Great Southern is down 8.33 per cent and shares are trading at 5.5 cents

Great Southern Mining (GSN) has updated the market regarding exploration and drilling at the Cox’s Find Project in WA.

Cox’s Find is situated within the Duketon Greenstone Belt which lies 12 kilometres along strike from Regis Resources’ (RRL) multi-million ounce Garden Well deposit.

Between 1937 and 1942, Western Mining produced roughly 77,000 ounces of gold at a grade of 22g/t.

Great Southern has been undertaking exploration at Cox’s Find since late 2019 and have identified a high-grade ore panel which has returned up to 143g/t gold.

Throughout December and January, Great Southern drilled 23 reverse circulation (RC) holes, for 3375 metres, to test previously identified structural models.

Drilling also aimed to determine whether high-grade mineralisation exists beyond what has been previously observed.

Down-plunge target

Of the 23 holes drilled, four tested the south eastern plunge targets and results have just been received.

A best result of eight metres at 1.1g/t gold from 160 metres was intersected and the thickness may indicate a mineralised halo of a nearby high-grade extension.

Along strike targets

The remaining 19 holes were drilled along strike from Cox’s Find and results show that the lithological sequence extends through the south.

One of the holes intersected quartz-rich material from 184 metres to 189 metres as well as a result of four metres at 0.4g/t gold from 185 metres.

Golden Star

Review of the recently acquired Golden Star tenement has identified multiple targets that require immediate attention.

Golden Star was most recently explored in 2017 and 2018 by Duketon Mining with high-grade continuous mineralisation identified.

Historical work outlined that Golden Star spans a strike of 600 metres and remains open to the north, south and down-dip.

Up to 90g/t gold has been intersected and as a result, Golden Star needs immediate attention and planning for upcoming drilling programs is underway.

“Whilst we still have more work to do to analyse the Cox’s Find results, the significant opportunity presented in our expanded Duketon package necessitates our immediate attention,” CEO Sean Gregory commented.

“With exploration tenements granted earlier this month and a program of work approved, we are now finalising the detailed plans for the next round of drilling at Golden Star and the surrounding targets,” he added.

Great Southern is down 8.33 per cent and shares are trading at 5.5 cents at 2:59 pm AEDT.

GSN by the numbers
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