Great Southern Mining Limited (ASX:GSN) has reported outstanding high-grade intersection of 5.65m @ 80.0 g/t gold from 160.05m including bonanza core intercept of 1.1m @ 404.0 g/t gold from 164.6m at the Cox’s Find Gold Project.
The high-grade nature of Cox’s Find deposit is reaffirmed through the bonanza intersection in 20CFRCD004, which correlates to the visible gold that was detected in preliminary investigations of the drill core.
Presently, processing of the remaining four diamond holes is in the pipeline and GSN shall lay focus on the structural measurements of the Cox’s Find shear zone. Moreover, the structural data shall be utilised for interpretation and in generation of a 3-dimensional structural model that shall assist future exploration drilling.
Furthermore, assay results for the remaining diamond holes remain outstanding.
GSN stock was up by 3.125 at AEST 11:48 AM, and was noted at $0.165.
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Find out the drivers for the rise in cannabis stock rates Even though the cannabis sector is in its growing phase, Australian cannabis stocks have already started to rise actively due to a hastily increasing patient base, and a legislative landscape that is gradually beginning to liberalise.
Outreach and future of cannabis stocks As countries liberalise regulation for medical and recreational use of cannabis, it is predicted that the industry would grow sharply in upcoming years The global cannabis market stands currently at around $8 billion and it is expected that the hemp derived CBD market to hit approximately $22 billion by 2022.
Key Players in the sector Althea Group Holdings Limited (ASX: AGH) and Cann Group Limited (ASX: CAN) are amongst the top players. Other Australia cannabis market players are- MGC Pharmaceuticals Ltd (ASX: MXC), Elixinol Global Limited (ASX: EXL), THC Global Group Limited (ASX: THC), AusCann Group Holdings Limited (ASX: AC8)