Great Southern has an exciting exploration calendar lined up
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Special Report: The coming months are expected to be an exciting time for Great Southern with drilling results due soon for both its Cox’s Find and Mon Ami gold projects.
Speaking to Stockhead, chief executive officer Sean Gregory said the drill results from the two projects were the most immediate milestones ahead for the company.
“At Cox’s Find, there are two main targets that we’ve tested. The first one is immediately down plunge from the known mineralisation at Cox’s Find, looking for the extension to that mineralisation,” he explained.
“The second component of drilling program is looking for repeats of Cox’s Find in the same geology that we see repeating several hundred meters to the south of the historical mine.”
Previous drilling at Cox’s Find had returned spectacular high-grade hits of up to 5m at 80 grams per tonne (g/t) gold from a depth of 160m including a 1m interval grading 404g/t gold.
The leases are believed to be highly prospective for repeats of the Cox’s Find deposit to be discovered along strike from the historical workings, which saw historical production of 77,000oz of gold at an average grade of about 22g/t.
Great Southern Mining (ASX:GSN) is also carrying out drilling at its Mon Ami project, targeting high-grade near surface mineralisation and deeper high-grade extensions.
In August 2020, drilling had returned hits such as 11m at 7.9g/t gold from 26m and 4m at 12.4g/ gold from 80m that were interpreted to be localised at the intersection of cross-cutting splays along the regional shear with drilling.
These in turn offered opportunities for the high-grade zones to be extended through further shallow drilling.
“In the event of success at either or both Cox’s Find and Mon Ami, we will immediately move to continue drilling out those mineralised positions,” Gregory added.
Next up is the pending mining approvals for the Mon Ami project that will turn it into a “shovel ready” project that Great Southern can monetise.
“It is important to note that our company motto is creating value through discoveries and that we see our primary purpose and ambition as discovering new orebodies,” Gregory noted.
“So while Mon Ami is our most advanced project, we really see it as an opportunity to monetise our investment and use those funds to invest in exploration across our portfolio of projects.”
Mon Ami currently has a 59,000oz resource with drilling expected to have at least part of this upgrade to the higher confidence indicated classification.
The project is just 10km from Gold Fields’ Granny Smith mill, which is currently operating at half of its installed capacity.
Beyond Cox’s Find and Mon Ami, Gregory noted that Great Southern had a seminal workshop planned in February that will determine where it will go drilling at the large-scale Edinburgh Park project in North Queensland.
The project, which he described as one of the biggest opportunities for discovery in the GSN portfolio is currently the subject of ground truthing and geochemical programs, the first systematic gold focused exploration program undertaken over the highly prospective targets present there.
This article was developed in collaboration with Great Southern Mining, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.