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Ausgold Limited ( (AU:AUC) ) has issued an update.
Ausgold Limited has announced promising assay results from its recent drilling campaign at the Datatine deposit within the Katanning Gold Project. The drilling has successfully extended the high-grade shoot 240 meters down-plunge, reinforcing Datatine’s potential as a high-grade underground prospect. With the support of co-funding from the Exploration Incentive Scheme, Ausgold plans further drilling to explore additional high-grade mineralization, potentially enhancing resource growth at the KGP. This development strengthens Ausgold’s strategic positioning in the gold mining sector and offers potential opportunities for stakeholders.
More about Ausgold Limited
Ausgold Limited is a company operating in the mining industry, focusing primarily on gold exploration and development. The company is engaged in advancing its 100%-owned Katanning Gold Project (KGP) in Western Australia, which is known for its high-grade gold deposits.
Average Trading Volume: 745,575
Technical Sentiment Signal: Buy
Current Market Cap: A$252M
For detailed information about AUC stock, go to TipRanks’ Stock Analysis page.