Ausgold Limited is a Perth-based gold exploration and development company with a suite of projects located in some of Australia’s most prospective mineral provinces. Its primary focus is the 100%-owned Katanning Gold Project (KGP), which covers +4,000km2 of the underexplored Katanning greenstone belt in south-western Western Australia.
Gold mineralisation has been identified over 20 kilometres of strike at the KGP and the project contains a JORC 2012-compliant Mineral Resource of 38.18 million tonnes at 1.25g/t gold for 1,539,700 ounces, of which 1,021,300 ounces (73%) are in the Measured and Indicated categories.
A 40,000m high-impact drilling program was recently completed which focused on the Central Zone, and returned high-grade results, including:
An improved geological model has identified numerous high-grade targets in untested exploration areas along 17km strike. The Company is now targeting multiple areas for growth in Resource, which is supported by a number of outstanding exploration opportunities within and outside existing Resources areas.
The Katanning greenstone belt is similar in length to other Archaen greenstone belts within WA’s Yilgarn Province, stretching over 200km. The geology along the belt bears the hallmarks of giant Archaen gold camps such as Kalgoorlie and Timmins in Canada, but it has not been subject to anywhere near the same amount of rigorous exploration.
Ausgold holds three other projects in its portfolio: Yamarna JV and Doolgunna Station JV in WA and Cracow in Queensland. These projects are all in close proximity to significant mineral discoveries that are either currently supporting mining operations or being developed into a mine and are considered highly prospective.
While progressing the KGP is the Company’s number one priority, Ausgold continues to advance Yamarna, Doolgunna Station and Cracow with low cost, targeted exploration.