- Accelerate Resources (AX8) begins drilling at the Woodie Woodie North project in WA
- The company will initially drill four manganese targets at the Barramine and Braeside West areas to follow up and extend mineralisation
- Managing Director Yaxi Zhan says the program is an “important milestone” for the company and marks the first drilling campaign within the project area in a decade
- Company shares end the day up 3.57 per cent to close at 2.9 cents
Accelerate Resources (AX8) has begun drilling at the Woodie Woodie North project in Western Australia’s Pilbara region.
The company undertook a historical data review which identified seven priority manganese target areas for drilling. The targets were then confirmed by recent fieldwork including mapping, sampling and interpretation of high resolution imagery.
This maiden program will initially drill four of the seven identified targets for between 3000 and 4000 metres.
Three of the target areas can be found within the Barramine project area and will aim to follow up on known hydrothermal mineralisation as well as to extend mineralisation along strike.
Drill results from these three areas will assist with completing a JORC-compliant mineral resource estimate.
Additionally, one target will be drilled at the Braeside West project area to follow-up near surface manganese outcrop and historical intersections to define extensions of manganese mineralisation along strike and at depth.
Managing Director Yaxi Zhan said this getting this drilling program underway is an “important milestone” for the company.
“We are the first company to consolidate the project area and create a continuous 33-kilometre corridor within the world-class manganese province. This is the first drilling campaign within the project area in a decade,” Mr Zhan said.
Company shares ended the day up 3.57 per cent to close at 2.9 cents.