AUC Upgrades Katanning Gold Resource to 1.54 million ounces

Ausgold Limited (ASX: AUC) (Ausgold, the Company) is pleased to announce a significantly upgraded JORC 2012 Mineral Resource estimate for the Company’s 100% owned flagship Katanning Gold Project (KGP), located 275km south-east of Perth, Western Australia. The new Resource which totals 1.54 million ounces of gold (Table 1) is a 28% increase in total contained ounces and a 14% increase in grade, fro