Ausgold (ASX:AUC) expanded its drilling campaign at the Katanning Gold Project following a series of high-grade assay results from its Central and Southern Zones.
The company announced it will increase the current program to 54,000m, deploying a fifth drill rig this week to expedite deep drilling at the Datatine and Jinkas Deeps targets.
The expansion is fuelled by the completion of 33,588m to date, with results from an additional 12,000m still pending.
Recent assay results from 79 reverse circulation holes have confirmed broad, high-grade mineralisation.
Intercepts within the Central Zone include 14m @ 3.91g/t Au from the Jinkas lode and 10m @ 1.86g/t Au at White Dam.
Furthermore, metallurgical diamond drilling has identified locally higher grades than previously anticipated, highlighted by a standout intercept of 8m @ 9.54g/t Au from 90m.
In the Southern Zone, resource extension drilling at the Dingo deposit has identified mineralisation beyond the current 2.44Moz mineral resource limit.
Results such as 20m @ 1.20g/t Au suggest substantial growth potential for the project's scale.
The current fleet of three RC and one diamond rig will soon be bolstered by a second diamond rig, supported by EIS funding.
At the time of reporting, Ausgold's share price was $1.16.