Great Southern Mining Ltd (ASX:GSN) has been granted tenement E38/3501 that contains the Golden Star Deposit and ministerial consent for the transfer has been received and actioned.
Total consideration paid was $25,000 and the tenement and gold deposit are now 100% owned by the company.
GSN is now awaiting grant of E38/3488 and E38/3477 in order to exercise its option to acquire these additional tenements for an additional $25,000 each, taking its total Duketon Belt landholding to 459 square kilometres.
Location of Golden Star and other tenements.
Golden Star Deposit
Golden Star is ranked as one of the company’s most advanced and prospective targets and is along the same mineralised geological trend that hosts the Rosemont Gold Mine - and is only 4 kilometres along strike, south of the Ben Hur Deposit.
The Golden Star deposit was most recently explored by Duketon Mining Limited in 2017-18 via a program that delineated high-grade continuous mineralisation over 600 metres of strike and remains open both to the north, south and down dip.
Best prior drill intercepts include:
- 15 metres at 6.5 g/ gold including 4 metres at 23.3 g/t;
- 50 metres at 1.8 g/t including 5 metres at 9.2 g/t and 6 metres at 2.9 g/t;
- 50 metres at 1.6 g/t including 17 metres at 3.8 g/t;
- 34 metres at 2.3 g/t including 12 metres at 5.3 g/t;
- 25 metres at 2.5 g/t including 5 metres at 10.7 g/t;
- 35 metres at 1.4 g/t including 11 metres at 2.9 g/t;
- 12 metres at 4 g/t including 8 metres at 5.9 g/t;
- 26 metres at 1.6 g/t including 5 metres at6.3 g/t;
- 15 metres at 2.2 g/t including 4 metres at 7.4 g/t; and
- 20 metres at 1.5 g/t including 7 metres at 3.5 g/t.
A program of works for a proposed drilling program has also been approved.