Ausgold inches to mine trigger point 22/6/2017

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TEXT BY GEOFF VIVIAN

EXPLORATION company Ausgold is inching ever closer to the day it hopes to begin open pit mining in several locations near Katanning.

X22ALB_005PCEO Matthew Greentree said the company first needed to find one million ounces of gold within its 4,031 square kilometres of leases.

“We’ve already defined 637,000 ounces; if we push that to a million that would be a fairly reasonable sized operation,” Dr Greentree said.

“That would be a trigger point to start studies and development for a
mining project.

From The Great Southern Weekender Thursday, June 22, 2017 p5.