Ausgold has recently identified Resource extensions at the KGP Central zone as outlined below:
Potential along strike
Lukin – Gold mineralisation intersected in AC drilling over 6km along strike to the south of Dingo
Figure 1 : KGP resource and prospect locations
Figure 2: Long section Resource block model view looking west
Figure 3 : Gram metre plot of the KGP shown over detailed ground gravity
Central Zone Resource Extensions
The current Mineral Resource remains open both along strike and down-dip, and optimisation work indicates that the conceptual open pits are largely constrained by the limit of drill data. Exploration targets are outlined in ASX Release (26 November 2018) as well as additional extensional drilling within the Central Zone.
A comprehensive review is in progress to determine the potential Resource upside and the amount of drilling required to confirm this opportunity. High-grade gold targets have been identified at Jinkas South and Jackson which have the potential to add to the size and grade of the KGP Resource.
Significant recent intercepts include:
28m @ 11.28 g/t Au from 90m20m @ 10.53 g/t Au from 10m26m @6.60 g/t Au fr0m 117m20m @ 7.60 g/t Au from 96m 13m @ 11.34 g/t Au from 7m 28m @ 4.84 g/t Au from 49m 20m@ 6.54 g/t Au from 93m