ASX-listed gold explorer, Great Southern Mining, has not taken its foot off the pedal in the midst of the festive season and instead has launched into a major drilling program at its historic Cox’s Find gold project about 80 kilometres north of Laverton in WA.
The Perth-based company, which recently rattled the tin in a successful $3 million capital raise, has just kicked off an aggregate 5,400m of follow-up RC drill holes, with Cox’s Find first cab off the rank followed by its Mon Ami gold project, also near Laverton.
The combined campaign is expected to take a few months and comes after approximately 9,000m and 3,000m of drilling undertaken at Cox’s Find and Mon Ami earlier this year, respectively.
Great Southern recently returned a bonanza gold intersection from Cox’s Find of 5.65m at an average grade of 80 grams per tonne from 160m including 1.1m at a whopping 404 g/t, or 13 ounces to the tonne, from 164.6m.
Other stand-out Cox’s Find assay results this year were 2m at 14 g/t from 146m, 3.6m at 8.03 g/t from 168m, 5m at 5.51 g/t from 59m, and 16m at 3.7 g/t from 138m including 9m at 5 g/t from 142m.
Notable recent drill intercepts from Mon Ami, which hosts an inferred resource of 1.1 million tonnes at 1.7 g/t for 59,000 ounces of contained gold, were 11m going 7.9 g/t gold from 26m including 4m at 15.9 g/t, and 4m at 12.4 g/t from 80m.
Great Southern Chief Executive Officer, Sean Gregory said: “This (resumption of drilling) follows our comprehensive target generation process, which has refined targets at depth and along strike at both Cox’s Find and Mon Ami. We expect to receive first assay results from this significant and ongoing Laverton region drilling program in February next year.”
The historic Cox’s Find vein stope operation produced 77,000 ounces of gold from ore averaging a stunning 22 g/t gold between 1937 and 1942.
Great Southern hopes to unearth repeats of the old Cox’s Find deposit along strike to the south as well as extensions at depth in a newly identified potential gold-bearing zone immediately south of the high-grade unmined panel delineated by the recent high-grade drill intersections.
According to the company, the recent 15m at 1.01 g/t gold intercept from 167m in what it calls the new “southern search space” may point to a mineralised halo surrounding a nearby high-grade extension to the Cox’s Find deposit.
It believes the Cox’s Find orebody may reorientate from its generally south-easterly plunge towards the southern search space due to wrenching associated with south-trending shear zones.
Great Southern’s latest round of drilling is planned to include an initial six RC holes going 190m deep to test the southern search space.
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