| Announcement Date: | 2021-12-07 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Ausgold Ltd. |
| Project name: | Katanning |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Ausgold Limited (ASX: AUC) (Ausgold, the Company) is pleased to announce a significantly upgraded JORC 2012 Mineral Resource estimate for the Company’s 100% owned flagship Katanning Gold Project (KGP), located 275km south-east of Perth, Western Australia. Upgraded 2021 JORC Resource Mineral Resource The expanded Resource, which now totals 1.84 million ounces of gold (see Table 1 for details), represents a 19% increase in total contained ounces compared with the existing Resource estimate which was upgraded in April 2021 (ASX Announcement 15 April, 2021). Completed in accordance with the 2012 JORC Code, assessment has been undertaken of the Central Zone and Dingo Resource areas. The Central Resource area represents the majority of the Resource at KGP and includes the stacked Jinkas-White Dam (now combined), Olympia and Jackson lodes and updated density estimation. In addition, several high-grade ore shoots are identified within the Jinkas, White Dam and Jinkas South lodes. The total Resource includes the Dingo area has been re-estimated based on new drilling and updated density estimation. The Datatine deposit remains unchanged from the 2019 estimation (Figure 1). |
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