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Great Southern Mining plans aggressive exploration across gold projects for 2021

Last updated: 03:28 22 Feb 2021 GMT, First published: 02:28 22 Feb 2021 GMT

Great Southern Mining Ltd - Great Southern Mining plans aggressive exploration across gold projects for 2021
The company’s landholding in the Duketon Greenstone belt has increased by around 10 times.

Great Southern Mining Ltd (ASX:GSN) plans to undertake several aggressive gold initiatives through its upcoming extensive work program for 2021.

The company is planning to accelerate exploration activities across Laverton goldfield, spread over a 450-square-kilometre area in Western Australia and that has produced more than 25 million ounces of gold.

Similarly, in north Queensland, which has historical production of more than 20 million ounces, GSN is mainly focusing on Edinburgh Park.

Both projects are strategically located adjacent to major producers.

Extensive work program

The company aims to create value through discoveries focusing on efficient, well-executed exploration programs utilising available technology and experiences.

It plans a total of 5,000 metres of reverse circulation (RC) drilling at Cox’s Find and Mon Ami gold projects in Western Australia.

GSN is also working on an aggressive drilling program for Golden Star Deposit, which the company recently acquired from Duketon Mining Ltd (ASX:DKM), planned to start in the second quarter of the year.

In Queensland, the company’s exploration team is ranking drilling targets, which are going to be taken up in the first quarter of 2021.

Western Australia landholding

Recent agreements increased GSN’s landholding in the Duketon Belt to 459 square kilometres, and it is now the second-largest landholder in the Duketon Belt with 10% of the greenstone.

Additional land includes the Golden Star Deposit which Duketon drilled in 2017-18 8 to demonstrate over 600 metres of continuous mineralised strike length, open in all directions.

This deposit has more than 50 kilometres strike length of the main mineralised structure in the belt to explore and all tenement applications due for the grant this quarter.

The company has historical data compilation on one of four large tenement applications.

Outstanding targets generated from historical soil sampling and RAB drilling justify a high-priority exploration effort and the company now expects dozens of targets to emerge.

Strategically located

The company has a strategic landholding in Tier 1 Australian gold districts and genuine potential for major gold and other discoveries.

GSN’s 100%-owned Golden Star and Cox’s Find are within 30 kilometres of Regis Resources Limited’s (ASX:RRL) low-grade Garden Well Mill while Mon Ami is only 10 kilometres from Gold Fields Limited’s (JSE:GFI) (NYSE:GFI) (FRA:EDGA) Smith Mill, which is now operating at 50% capacity.

Additionally, there are eight potential milling solutions within 150 kilometres of Laverton.

The company's projects in WA are close to operating mills.

Mon Ami Gold Project

Mon Ami has an inferred mineral resource of 1.1 million tonnes at 1.7 g/t gold for 59,000 ounces and GSN plans resource classification upgrade in the second quarter of 2021.

The company is also undertaking development studies at the project, targeting a mining approval in 2021 as it aims to present ‘shovel ready’ project to nearby mills.

Reverse circulation drilling was undertaken in January 2021 RC drilling targeting near-surface, high-grade mineralisation to improve open pit development potential.

The drilling also focused on a deeper high-grade target analogous to Ida H high-grade underground mine, which is 7 kilometres along with strike with historical production of 176,000 ounces at 22.8 g/t gold.

North Queensland developments

GSN has assembled more than 1,000 square kilometres of land surrounding Evolution Mining Ltd’s (ASX:EVN) (OTCMKTS:CAHPF) (FRA:WE7) Mt Carlton region having over 1 million ounces of gold as well as silver and copper.

The company has marshalled exploration infrastructure and a team of expert geologists, geochemists and academics, and is now ranking targets for planned drilling in the 2021 dry season.

It is also undertaking a mapping and soil sampling at Leichhardt Creek and has identified alteration and metal zonation consistent with a large IRGS system.

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