Great Southern hits more gold 1km from Cox’s Find
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Special Report: Great Southern Mining’s Cox’s Find project in WA continues to grow with new gold mineralisation intersected 1km along strike.
Two key targets located 400m and 1km north of Great Southern’s (ASX:GSN) Cox’s Find returned top hits of 8m at 1.1 grams per tonne (g/t) from 91m including 2m at 3.2g/t; 6m at 1g/t from 114m including 2m at 1.7 g/t; and 13m at 0.7g/t from 34m including 1m at 1.7g/t.
“These results represent a significant success for GSN,” CEO Sean Gregory said.
“They demonstrate that gold mineralisation is not constrained to the Cox’s Find deposit and is evidenced for at least a further 1km along strike.”
Gregory said the latest results also showed that historical rotary air blast (RAB) drilling in these northern areas by previous owners stopped short of genuine target depth in multiple zones.
“In short, the results substantially increase the overall prospectivity of the target corridor to the north of Cox’s Find,” he said.
Targets 2 and 3 are just the first of several targets that have been pinpointed along strike of Cox’s Find and are set to be drilled.
Significantly, Great Southern has identified more targets further to the north of Target 3, which sits 1km north of Cox’s Find.
“GSN intends to aggressively follow-up this success, and the other high-priority structural target zones, with an intensive drilling program in the short term,” Gregory said.
The broader Cox’s Find project is set to get bigger still, with Great Southern having applied for an additional 50 sq km area immediately adjacent to the project.
“This ground is highly prospective with known mineralised corridors that host nearby million-ounce deposits interpreted to strike right through it,” Gregory noted.
“This application follows the granting earlier this month of E38/3476, which lies immediately to the north of the successful drilling at Target 3.”
The historic high-grade Western Australian gold mine produced 77,000oz at more than 21 grams per tonne (g/t) between 1935 and 1942.
And Great Southern’s recent drilling proves there is a lot of high-grade gold left in the ground at Cox’s Find, which the explorer believes has all the hallmarks of a modern underground mine development.
This includes a target that lies on the recently granted E38/3476, which is located immediately to the north of the Target 3 drilling.
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.