(MENAFN- ProactiveInvestors)
Ausgold () is scheduled to start resource development drilling at the Katanning Gold Project in Western Australia.
This has the following objectives:
- Provide the basis for a thorough review and update of all existing resources to establish potential and requirements to convert resources to reserves;
- Increase confidence in existing drillhole data and provide timely and accurate data for an updated resource calculation;
- Delineate high grade domains within in the Jinkas and Dingo models; and
- Convert and upgrade indicated and inferred resources.
Ausgold has delineated a JORC resource of 878000 ounces of gold mostly within ML70/211 at the project.
The Katanning Gold Project is located 275 kilometres southeast of Perth.
The holds over 2440 square kilometres and a dominant ground position in this relatively underexplored greenstone belt.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.