AusGold Announces Commencement of New Program of Fieldwork at Cracow Project

Ausgold Limited (ASX: AUC) has announced that the commencement of a new program of fieldwork at its 100%-owned Cracow Project, 375km north-west of Brisbane, Queensland, as it continues to assess the project’s potential to host epithermal and intrusion-related gold – copper mineralisation.

The fieldwork program will primarily consist of geochemical sampling and spectral analysis aimed at verifying alteration zones identified using open file satellite imagery that appear to be analogous with Evolution Mining Limited’s multi-million ounce Cracow epithermal gold deposit, 40km along strike to the south.

Ausgold holds Exploration Licence EPM17054 covering approximately 202km2 in the Cracow region. The tenement covers extensive areas of the Camboon Volcanics, which is the formation that hosts Evolution Mining Limited’s deposit.


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