Ausgold hits gold at Datatine

AUSGOLD has hit gold in its maiden reverse circulation drilling program at the Datatine prospect at its Katanning gold project, in the Great Southern region of Western Australia.

Ausgold hits gold at Datatine Ausgold hits gold at Datatine Ausgold hits gold at Datatine Ausgold hits gold at Datatine Ausgold hits gold at Datatine

Intersections included 25m at 2.47 grams per tonne gold from 20m, including 2m at 16.26gpt gold; and 17m at 1.67gpt gold, including 5m at 3.11gpt gold.

All five of the holes drilled in the program hit significant mineralisation, with a follow-up program now planned to test the down-dip continuity of the mineralisation.

This program is expected to commence in early January 2017, as the company pauses for the Christmas holiday period.

Ausgold announced the discovery of the Datatine project,7km north of its Jinkas open pit, in May this year after an aircore drilling campaign.

The company raised $800,000 in November through the placement of 23 million shares at 3.5c each, hel...

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