Company
ASX:GSN
Great Southern Mining Limited is an Australian based ASX listed gold exploration company that incorporated in January 2011 (previously Forte Consolidated Limited). The company has a 100% interest in 450km2 of highly prospective gold tenure in Laverton, Western Australia.
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An in-house preliminary economic review identified a potentially low-cost development pathway for an open-pit mining operation at Mon Ami with drilling planned to test for higher grade extensions to at depth.
The company is enjoying exploration success with high-grade, visible gold coming from one of its first diamond holes at Cox’s Find Gold Project in Western Australia.
Multiple layers of exploration data including lithology, geophysics, geochemistry, and structure have identified several drill-ready targets for near-mine repeats of the Cox’s Find deposit.
The company is enjoying significant exploration success with high-grade, visible gold coming from one of its first diamond holes at Cox’s Find Gold Project in Western Australia.
The company has identified large-scale, drill-ready gold targets on new Cox’s Find tenements under application.
Results demonstrate the structural prospectivity of the northern corridor with drilling of further high-priority targets being planned.
Recent RC and diamond drilling at Cox’s Find demonstrated that high-grade mineralisation persists at depth and along strike at Cox’s Find.
The company believes recent shallow drilling at the Mon Ami Project near Laverton in WA has highlighted a ‘significant’ development and raises its grade profile.
The company believes this is a ‘significant’ development for the Mon Ami Gold Project as it highlights the potential to raise its grade profile.
Mineralisation identified in hole 20CFRC0014 sits along strike and outside of the interpreted main lode extension that was the focus of the historical mining.
“It’s the highest-grade intersection recorded in any drill data at Cox’s Find to date and it has come from Great Southern’s first diamond program,” says COO.
The company is focused on expanding the project tenure along strike in and around known prospective structural trends which host major gold deposits.
The JMEI is designed to encourage investment in exploration companies by generating a tax credit in lieu of tax losses for potential distribution to eligible shareholders.
The Edinburgh Park Project is a greenfields exploration project in the target generational phase, considered prospective for porphyry copper-molybdenum, intrusive related gold systems deposits and epithermal gold-silver deposits.
The current program is designed to expand the 59,000-ounce resource identified in 2018.
Processing of the diamond core is underway, and the first core is expected to be cut and sent for assay within the week.
The drilling will provide invaluable insights into the structural setting of high-grade mineralisation, help refine the geological model and assist in future drill programs.
The company has identified new targets and has applied for additional tenure adjacent to Evolution Mining’s Mt Carlton gold mine.
The company is well-funded to undertake aggressive exploration across its Western Australian and North Queensland projects.
The company has an experienced management team and a portfolio of carefully selected projects
