Ausgold Starts Drilling Program at Western Australian Project; Shares Down 6%

MT Newswires Live

Oct 28, 2024

Ausgold (ASX:AUC) kick-started a 19,000-meter reverse circulation drilling program at the Katanning gold project in Western Australia, according to a Monday filing with the Australian bourse.

The program targets 11,000 meters of drilling activities in the Jinkas South area within the Central Zone, followed by 8,000 meters targeting high-priority gold prospects within Ausgold's South-West Yilgarn tenure.

The program is expected to conclude by May 2025.

Ausgold's shares were down 6% in recent trade.

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