Aus­gold re­ports pro­duc­tion lift of 32pc at gold project

Albany Advertiser - - NEWS - Saskia Adysti

The Katan­ning gold project has in­creased pro­duc­tion by 32 per cent, ac­cord­ing to Aus­gold man­ag­ing di­rec­tor Matthew Green­tree.

Mr Green­tree an­nounced last week that Aus­gold’s gold re­sources in Katan­ning were now es­ti­mated to be 1.04 mil­lion ounces — a 10 per cent in­crease from its 2017 re­source es­ti­ma­tion.

The Katan­ning gold project has also re­ported a strong con­ti­nu­ity of min­er­al­i­sa­tion sup­ports which sup­port a higher cut-off grade at 0.7g per tonne, rather than 0.5g/t, as pre­vi­ously re­ported.

Mr Green­tree said he was ex­cited to see bet­ter re­sults in the year to come.

“Dur­ing the June, 2018 quar­ter 24 RC holes for 3469m were drilled along a to­tal 2.4km strike length at Jinkas South and Frasers,” he said.

“Re­sults from this drilling were some of the best re­turned to date.

“These re­sults sup­port Aus­gold’s in­ter­pre­ta­tion that the high-grade min­er­al­i­sa­tion at Jinkas South is in a north-east strike di­rec­tion sim­i­lar to the high-grade min­er­al­i­sa­tion on the north­ern por­tion of Jinkas, as op­posed to the north-west strike that is ev­i­dent re­gion­ally, and sug­gests fur­ther po­ten­tial along strike where the Jinkas and White Dam lodes are brought close to­gether.”

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