Great Southern uncovers high grade gold outside historic mining area at Cox’s Find
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Special Report: Great Southern Mining (ASX:GSN) has reported outstanding high grade gold intersections in multiple drill holes outside the historical 77,000oz main mining lode at the Cox’s Find gold project in Laverton, WA.
Significant gold mineralisation intersected in the current round of drilling at Cox’s Find included 9m at 5g/t gold from 142m, within a broader zone of 16m at 3.7g/t gold.
This follows a ‘bonanza’ grade 1.1m at 404g/t gold announced late July – the “highest grade intersection to date” at Cox’ Find.
This phase of step out and extensional drilling his returning significant intersections “within a possible larger gold-hosting system”, Great Southern says.
Of particular note are the assay results from hole 20CFRC0014 – 2m at 14 g/t gold – which sits outside the historical lode, known to be the focus of underground mining in the late 1930’s:
This new area is considered to be a significant discovery.
It is interpreted as either an extensional “blow zone” connected to the main mining lode, or an additional new high-grade shoot that is commonly found within high-grade systems.
Great Southern chief operating officer Mark Major says the explorer is now seeing high-grade mineralisation outside the historical main mining lode.
“It’s still very early in the exploration process with just over 8,000m of drilling processed at Cox’s Find by GSN since acquiring it in 2019,” he says.
“[But] the knowledge acquired, and the in-ground results have been excellent.
“We are now looking forward to finishing off the RC drilling, completing the diamond core processing and obtaining the assays for the other half of the program to undergo detailed interpretation.”
Great Southern has received assays for the first 15 RC drill holes and 1 of the 5 diamond drill holes.
This equates to about 3,286m of drilling from an extensive 9,000m program.
When the company acquired the Cox’s Find deposit last year, it had a very positive view on the potential upside at the project, given that it had seen virtually no exploration in the last 30 years and the exploration undertaken had been focused on shallow exposure and undertaken without systematic geological exploration, Major says.
“That view has been firmly supported by these early results from a limited program of drilling thus far.”
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.