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Great Southern Mining Limited (ASX:GSN)

ALERT: Price-sensitive ASX Announcement for GSN
Current share price for GSN : $0.021 -0.004 (-16%)+
Announcement
Release
31 Mar 2026 9:46AM
Price at Release
$0.025
Full Release
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Summary
Great Southern Mining Limited (GSN) has commenced diamond drilling at the Golden Boulder discovery within its Duketon Gold Project in Western Australia. This initiative is supported by up to $220,000 in co-funding from the Western Australian Government's Exploration Incentive Scheme (EIS). The drilling is focused on the Ogilvies prospect, targeting deep-seated structures to provide insights into the gold mineralization controls. The first EIS-funded hole will delve up to a depth of 700 meters to gather structural and stratigraphic data across the Rosemont-Mulga Queen Shear Zone. This effort follows successful aircore drilling at the Amy Clarke discovery, which defined mineralization over a 4.7 km strike. GSN is fully funded for this exploration, having raised A$4.6 million in March 2026.
Key Points
  • GSN commenced EIS co-funded diamond drilling at Golden Boulder.
  • Targeting deep-seated structures at Ogilvies and Main Line prospects.
  • The first hole will reach up to 700 meters depth.
  • Drilling aims to intersect multiple structures, including Rosemont Fault.
  • Funding secured includes up to $220,000 from WA Government’s EIS.
  • A$4.6 million raised for exploration programs in March 2026.
  • Previous aircore drilling at Amy Clarke defined a 4.7 km mineralized strike.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.