Ausgold Limited (ASX: AUC) has made a positive announcement for investors with their recently commenced RC drill program producing several significant high-grade gold mineralisation intersections at its Jinkas South prospect.
This March, the company commenced a RC drill program at its 100%-owned Katanning Gold Project (“KGP”) in Western Australia’s south-west. The area has the potential to significantly add both grade and total ounces to the current KGP Mineral Resource, which currently stands at 25.1 million tonnes grading 1.29 g/t Au for 1.04 million ounces of gold.
Other drill programs have identified the highest grades where two of the stacked lodes, namely the Jinkas and White Dam lodes, intersect with high grade intercepts. These grades include 26m