Great Southern uncovers 21 new targets at Duketon
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Seven of the 21 new targets identified by Great Southern Mining (ASX:GSN) in the Duketon Belt are drill ready — with ‘Golden Star’ the most advanced and first in line.
Great Southern holds ~10% of the gold rich Duketon greenstone belt in WA.
Like major miner Regis Resources – which controls most of the rest of the Duketon Belt — Great Southern believes there are multimillion ounce monsters to be found here.
Historic exploration data, including 12,000 drill holes and 24,000 soil samples, has pinpointed at least 21 targets for follow up drilling, Great Southern says.
Seven of these are drill-ready, including the heart of Great Southern’s latest Duketon acquisition, Golden Star, which Great Southern plans to “explore immediately”.
The deposit is 4km along strike from Regis’ Ben Hur deposit and 32km south of the Garden Well mill.
Drilling by Duketon Mining in 2017-18 – which pulled up results like 15m grading 6.5 grams per tonne (g/t) gold and 34m at 2.3g/t — shows the deposit is at least 600m long and open in all directions.
Planning for an extensive RC drill out is well advanced, and a permission of work from the WA Mines Department (DMIRS) is approved.
‘One Weight Wonder’ (OWW), 1km west of Golden Star, was identified via shallow drilling program in 1995.
This program hit grades like 4m at 2.7g/t gold from 24m and defined a coherent area of anomalism at least 1km long.
“These significant intersections also correlate to the orientation of the regional mineralised structures that hosts all major deposits in the Duketon Belt, such as Garden Well and Rosemont,” Great Southern says.
Amazingly, these significant intersections have not been followed up, and the target remains open.
Planning for an extensive RC drill out at Golden Star is well advanced, the drill rig has been booked, and a program of work from the WA Mines Department (DMIRS) approved.
A soil program at OWW has been designed to delineate the extent of the anomalous gold area, with intention to further refine the drill target.
It is expected that Great Southern will be in full swing on a RC drill program at Golden Star in the area by the time samples are analysed.
GSN intends to follow up on any anomalies generated from the soil program utilising the expected RC rig onsite with immediate drill testing.
“With a project pipeline in place to maximise the probability of discovery, we are confident we are exploring in the right areas on all fronts,” Great Southern chief exec Sean Gregory says.
“We now hold 459 sqkm of highly prospective tenure in the region and this has opened the floodgates of target generation and project development in the Laverton region.”
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.