GSN 5.26% 2.0¢ great southern mining limited

Ann: Bonanza gold intersection at Coxs Find Gold Project, page-7

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    • Spectacular gold intersection of 5.65m @ 80.0 g/t gold in diamond
    core 20CFRCD004 from 160.05m including bonanza intercept of
    1.1m @ 404.0 g/t gold from 164.6m.
    • Intersection correlates to the geological model and is interpreted
    to be the main lode extension that produced approximately
    77,000 ounces of gold at a reported head grade of ~22 g/t gold
    from previous vein stope operations.
    • Mineralisation identified within drill holes located along strike of
    the main lode potentially increasing its mineralised footprint.
    Great Southern Mining (ASX: GSN or the “Company”) is pleased to provide an update to the market
    and report an outstanding high-grade intersection at the Cox’s Find Gold Project (Cox’s Find) of
    5.65m @ 80.0 g/t gold from 160.05m including bonanza core intercept of 1.1m @ 404.0 g/t
    gold from 164.6m (20CFRCD004). Diamond hole 20CFRCD004 was drilled down plunge from the
    known historic Cox’s Find workings and was designed to intersect an area of high-grade mineralisation
    that was identified from late 2019 drill campaign (see ASX announcement dated 19 December 2019).
    This zone previously intersected multiple high-grade intersections including;
    • 19CFRC009 - 5m at 14.54 g/t gold from 140m, including 2m at 28.85 g/t gold.
    • 19CFRC013 - 5m at 31.23 g/t gold from 134m, including 1m at 143.0 g/t gold.
    • 19CFRC004 - 2m at 36 g/t gold from 146m, including 1m at 68 g/t gold.
    The bonanza intersection in 20CFRCD004 correlates to the visible gold that was detected in
    preliminary investigations of the drill core (see ASX announcement dated 1 July 2020) and reaffirms
    the high-grade nature of Cox’s Find deposit. The intersection is interpreted to be the main lode
    extension that produced approximately 77,000 ounces of gold, at a reported head grade of ~22 g/t
    Au from a vein stope operation starting in the 1930’s.
    GSN’s Chief Operating Officer, Mark Major commented:
    “This is a very exciting result and demonstrates the extremely high-grade nature of this deposit; in fact
    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.”
    “This now validates our view that this deposit has an extremely high-grade component to it which
    requires the application of modern-day exploration techniques to define its extent. We are getting a
    good indication that the mineralisation is persistent at depth and along strike. The focus now is to trace
    the high-grade component down plunge along strike to expand the deposit. If we are successful in this
    next phase, then the full extent of this asset will start to become evident.”
 
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