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Ausgold Ltd (ASX:AUC) recently completed the acquisition of the Dumbleyung Gold Project in Katanning, Western Australia.
Ausgold (ASX:AUC) has been granted a trading halt by the ASX this morning, pending details of a capital raising.
Ausgold Ltd (ASX:AUC) is commencing a reconnaissance field mapping and geochemical sampling program at its Doolgunna Station Project in Western Australia’s Bryah Basin. The Doolgunna Mineral Field is one of the most significant copper-gold provinces in Australia, producing in excess of 8 million ounces of gold to date. The project is located adjacent to Sandfire Resources NL’s (ASX:SFR) DeGrussa copper-gold project, immediately north of the Hermes gold deposit and south-east of the Plutonic gold mine.
Ausgold Ltd (ASX:AUC) has appointed GR Engineering Services Ltd (ASX:GNG) as its preferred provider of engineering services for the Katanning Gold Project in Western Australia. GRES will provide services associated with the feasibility study, engineering design, construction and commissioning of processing facilities at Katanning, located 275 kilometres southeast of Perth. Geoffrey Jones, managing director of GR Engineering, has been appointed to Ausgold’s board as a non-executive director.
Ausgold Ltd (ASX:AUC) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare. Ausgold currently has a focus on drilling at the Katanning Gold Project, located in Western Australia. The halt will remain in place until the opening of trade on Tuesday 19th July 2016, or earlier if an announcement is made to the market.
Ausgold Ltd (ASX:AUC) has received encouraging high grade assay results from reverse circulation drilling at the Katanning Gold Project located 275 kilometres southeast of Perth. The presence of wide gold mineralised halos contain high grade, pipe-like shoots at the White Dam and Jackson prospects. The high-grade assay results from White Dam included 9 metres at 8.15 g/t gold from 145 metres including 5 metres at 14.