Search

Great Southern casts net wider at Cox’s Find gold prospect

Perth-based gold explorer, Great Southern Mining, is back in the field at its exciting Cox’s find project near Laverton in WA’s Goldfields for a tenement-wide geochemical air-core drilling campaign to target further Cox’s Find-style mineralised systems.  The company will ‘grid-drill’ the entire area with a 100 x 50m spacing to deliver around 500 shallow holes down to 1-6m below surface.  Geochem samples will be recovered from the base of each hole for assaying.

The sampling program is designed to obtain a representative, deep soil ‘regolith’ profile and ensure that samples are free from potential contamination in the surface cover.  The drill holes aim to get below the surface cover and any hard laterite profiles.  Hand samples will be taken in areas of rugged terrain where drill rig access is not possible.

Samples will be analysed for gold and other typical pathfinder elements normally associated with gold mineralisation in the area.  The results of this work will be integrated with other geological data sets to identify buried gold prospects that will likely be the target of the next round of deeper exploration drilling around Cox’s Find.

Great Southern announced some exceptional drill results for Cox’s Find back in December 2019 with the best intercept returning an outstanding 5m grading 31.23g/t gold from 134m, including 1m at 143.0g/t gold.

Great Southern Mining Chairman, John Terpu said that: “The Company is excited to be back out in the field and commencing this regional Geochemical Aircore program which we believe will further enhance the geological model which has been improved following the success of our maiden exploration program at the Cox’s Find Project. With less than 10,000m of exploratory drilling completed on this Project in total, this Geochemical program is seen as a crucial step to assist with our targeting of the near-mine extensional drilling aiming to discover further Cox’s Find style mineralized systems. This type of program has not been conducted to this extent over the project area previously and we look forward to updating the market with the results”

Great Southern’s Cox’s Find ground is within 25km of operating mines and mills which opens up a few options for quick and easy cashflow via toll treating if the project continues to throw up good numbers.

 

Is your ASX listed company doing something interesting ? Contact : matt.birney@businessnews.com.au

Share Price

Closing price for the last 90 trading days
Powered by Morningstar ®

Top 10 Shareholders

Substantial shareholders as published in the annual report.
Powered by Morningstar ®

Total Shareholder Return as at 31/03/20

1 year TSR5 year TSR
245thRaiden Resources0%0%
259thGreat Southern Mining-3%8%
526thResource Mining Corporation-44%20%
746thRagnar Metals-73%-16%
669 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Powered by Morningstar ®

Share Transactions

30/10/19
$0 Other
30/09/19
$25k Bought
18/09/19
$0 Other
Total value as at the date of the transaction
Powered by Morningstar ®

Revenue

411th↓Great Southern Mining$0
451st↓Ragnar Metals$0
452nd↓Raiden Resources$0
454th↓Redbank Copper$0
455th↓Resource Mining Corporation$0
479 listed resources companies ranked by revenue.
Powered by Morningstar ®