Great Southern Mining is officially the 100% owner of the Golden Star gold deposit in Laverton, Western Australia. Great Southern (ASX:GSN) announced this morning that the key tenement containing Golden Star had been granted, and ministerial consent for transfer had been received and actioned.
Golden Star, which is one of three licence applications made by Great Southern around its Cox’s Find project in February, sits along strike from the Ben Hur deposit and 32km south of the Garden Well Mill.
Previous drilling by Duketon Mining in 2017-18 demonstrated more than 600m of continuous mineralised strike which remained open to the north, south and down dip.
Notable intersections reported from that drilling included:
15m at 6.5 grams per tonne gold, include 4m at 23.3g/t;
50m at 1.8g/t gold, including 5m at 9.2g/t gold and 6m at 2.9g/t;
50m at 1.6g/t gold, including 17m at 3.8g/t;
34m at 2.3g/t gold, including 12m at 5.3g/t, and;
25m at 2.5g/t gold, including 5m at 10.7g/t.
The project tenement cost just $25,000 – a bargain in anyone’s terms. Great Southern is awaiting the grant of the remaining two tenements it applied for in February.
A Program of Works for a significant proposed drilling program is also approved at Golden Star.
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The location of Golden Star and other tenements relative to Cox’s Find. Pic: supplied. Another quality addition
Great Southern has significant holdings in the world-renowned gold districts of Laverton and Mt Carlton in Queensland. All its projects are located within 25km of operating gold mills and major operations.
The company is working the two regions concurrently, and yesterday announced a promising update relating to the Fish Creek gold-silver-copper system at its Edinburgh Park project in North Queensland.
GSN Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
