Great Southern launches in 2021 with multi-pronged gold drilling campaign
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Great Southern Mining (ASX:GSN) is now drilling for extensions and repeats of the super high grade Cox’s Find mine, which produced ~77,000oz at 22g/t between 1937 and 1942.
A drilling program in Laverton region will continue over the next few months with an initial 5,400m committed at the exciting Cox’s Find and Mon Ami projects.
Cox’s Find is 15km from Regis Resources’ multi-million-ounce Garden Well gold mine in the Laverton district of WA.
Since the underground operation was mothballed in the early ‘40s very little exploration or development work has been completed, until Great Southern acquired the project in 2019.
Since then, the explorer has proven there’s plenty of high-grade gold left in the ground.
The recent drill results at Cox’s Find not only included several spectacular high-grade intersections like 5m at 80g/t from 160m (including 1m at 404 g/t), but also a highly significant 15m at 1.01g/t.
This intercept is significant because it opens up an entirely new search space immediately to the south of these spectacular high-grade drill intersections.
The thickness of the intercept –15m at ~1g/t — may be indicative of a low-grade mineralised ‘halo’ surrounding a nearby high-grade extension to the Cox’s Find orebody.
The current program will include an initial six, 190m-deep Reverse Circulation (RC) holes to test this southern search space.
Great Southern also believes there are more undiscovered Cox’s Find type deposits further to the south where the same type of rocks can be found.
This area – which leading structural geology consultants Model Earth identified as a high priority target — also coincides with geochemical anomalies identified in a recent first pass 3m-deep drilling campaign.
The drilling program will also test new targets at near-term development opportunity Mon Ami.
The development of the 59,000oz Mon Ami gold project in WA may deliver “a robust source of cashflow”, the company says
Over 2,000m of drilling has occurred at Mon Ami since that resource was estimated in 2018.
Recent drilling hit thick, shallow high grades like 11m at 7.9 g/t gold from 26m, including 4m at 15.9g/t.
Great Southern wants to extend these high-grade zones.
Drilling will target near-surface, high-grade material to improve open pit development potential, and deeper high-grade targets similar to the nearby ‘Ida H’ high-grade underground mine.
The multi-pronged drilling campaign will continue over the next few months, aside from a two-week break over Christmas.
First assay results are expected from February 2021.
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.