Nice Southern Mining (ASX:GSN) said on Wednesday (August 21) that it has kicked off reverse-circulation drilling at its Duketon gold venture, located in Western Australia’s Japanese Goldfields area.
Drilling will start on the Golden Boulder prospect earlier than newly outlined targets on the web site are examined.
Acquired by Nice Southern in February 2021, the Duketon property is positioned throughout the Duketon Greenstone Belt, which it shares with gold producer Regis Assets (ASX:RRL,OTC Pink:RGRNF).
Golden Boulder traditionally produced 1,915 tonnes at 28.6 grams per tonne of gold.
“(Golden Boulder) specifically hosts all three of the principle mineralised buildings within the Duketon Greenstone Belt and has seen little or no drilling for the reason that Nineteen Nineties,” commented Matthew Keane, managing director of Nice Southern.
In a mid-July press release, Nice Southern mentions the Amy Clarke and Boundary prospects along with Golden Boulder. The corporate mentioned a number of geochemical soil surveys completed this yr have helped it outline new gold anomalies northeast of Amy Clarke alongside the Backyard Properly pattern. The surveys have additionally strengthened Boundary’s prospectivity.
In keeping with Nice Southern, gold floor anomalism at Boundary, which is positioned south of Amy Clarke, additionally on the Backyard Properly pattern, is as much as 10 occasions better than different prospects lined below its tenure.
The Backyard Properly pattern is house to Regis Assets’ 5 million ounce Backyard Properly deposit.
“We’re eager to execute an environment friendly and value impact program and can eagerly await the assay outcomes over the newly outlined targets,” Keane added in Wednesday’s press launch.
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Securities Disclosure: I, Gabrielle de la Cruz, maintain no direct funding curiosity in any firm talked about on this article.