Announcement Date: 2022-04-26
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Ausgold Ltd.
Project name: Duggan
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 7m @ 4.05g/t Au from 19m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Ausgold Limited (ASX: AUC) (Ausgold or the Company) is pleased to provide positive results from new drilling at the Company’s 100%‐owned Duggan prospect (Figure 1 & 2). Duggan Regional Prospect The Duggan gold prospect is located 50km northeast of Ausgold’s existing 1.84 Mozflagship Katanning Gold Project (KGP). A program of 3,540m aircore (AC) and 2,184m of reverse circulation (RC) drilling has identified an extensive zone of gold mineralisation, which was designed to follow up on historical exploration which included RC results such as 11m @ 3.40 g/t Au from 24m including 4m @ 7.78 g/t Au from 24m in TP17. New drilling at Duggan has intersected significant gold mineralisation at surface and has identified a further two high grade shoots which extend into fresh rock with strike length of over 430m. Gold mineralisation remains open both along strike and down dip, and significant results include
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