Ausgold Limited (“Ausgold” or “the Company”) (ASX: AUC) is pleased to announce that the latest round of assay results from its ongoing drilling program at the Katanning Gold Discovery confirm that two corridors of gold mineralisation are present within the Fraser Prospect.
Fraser is located 500m south of the Jinkas ore body on the Eastern Corridor and 1.6 kilometres north of the Dingo ore body. These results indicate that the gold mineralisation at Jinkas may extend a further 1 kilometre south of the known mineralisation.
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