
Ausgold Ltd (ASX: AUC) provided an update of exploration activities at the Katanning Gold Project
Ausgold Ltd (ASX: AUC) provided an update of exploration activities at the Company’s 100% owned 1.84 Moz Katanning Gold Project (KGP). Ausgold Ltd has now completed its 30,000m multi-rig reverse circulation drilling campaign designed to add near-surface Resource ounces and support open-pit mine planning as part of the Prefeasibility Study. Results have been received for 15,000m of drilling along the Jackson and White Dam Lodes with further results pending and an additional 2500m of drilling underway within the Olympia and Jinkas North areas.The Company is encouraged by the extent of near-surface gold mineralisation identified within both the Jackson and White Dam Lodes.
Following the announcement, shares in Ausgold Ltd traded flat at $0.067/share.
When a mining company announces a new resource discovery it’s exciting times for shareholders.
A lot of capital goes into exploration and when a new deposit is found there’s usually a share price boost.
Discovery is the reward stage for investors, particularly of junior mining stocks, searching for undiscovered deposits of natural resources.
When discussing new resource discoveries it’s beneficial to know the difference between greenfield and brown exploration.
Greenfield exploration is looking for mineral deposits in areas that have not been explored.
In brownfield exploration deposits are being sought near or next to an already existing mine.
Read the full story
in the Grafa app
To read the full article and more in the Grafa app, available on all app stores.
Track the trends
Get the hot tips first
Stay close to your investments
Learn to trade like a pro
Let your money entertain you
See more stories like this

Similar stories
Which stocks are shooting up today?
After the first 20 minutes of trade, these are the stocks that are shooting higher
...read moreCurrencies while you were sleeping
The Australian dollar was higher against the major currencies overnight. The Aussie dollar is buying
...read moreCrypto while you were sleeping
CRYPTO TOP 10 CLUB Here are the gainers and losers out of the Top 10
...read moreDrill down into today’s commodities
Today’s prices for the basket of key commodities tracked by Grafa are as follows: The
...read moreWhat to expect on the ASX today
ASX Futures trading higher ahead of the market open in Sydney. Dow Jones closed up
...read moreThe cryptos making waves in the afternoon
CRYPTO TOP 10 CLUB Here are the gainers and losers out of the Top 10
...read moreThe price we have to pay: Australian businesses reveal
48% of businesses say they will not raise prices, primarily due to the desire to
...read moreThe biggest movers of the flyweight cryptos today
Of the micro cryptos, these ones were the movers. Mcashchain rose 338.90% to US$0.015, closing
...read moreSee more stories like this
