Ausgold Limited (ASX: AUC) – $0.034
05 Mar 2015
Ausgold Limited (ASX: AUC) has scheduled to commence drilling in late March 2015 at the Katanning Gold Project located in Western Australia (Figure 1).
Figure 1. Location of Katanning Gold Project on geological setting
The drill program will comprise of approximately 6,000 metres of reverse circulation drilling at the Jinkas and Dingo deposits located within the Katanning Gold Project. Approximately 4,000 metres of infill drilling will focus on a traverse through higher grade mineralisation to the northeast of the historic Jinkas North open cut mine and approximately 2,000 metres of drilling will focus on the Dingo open pit.
The Katanning Gold Project is located 275km southeast of Perth. The company holds an area of over 2,440km2 that lies within a region of relatively underexplored greenstone belt.
For further information, visit www.ausgoldlimited.com
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