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Askari Metals (ASX:AS2) - The Burracoppin Project
The Burracoppin Project
Source: Askari Metals
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  • Askari Metals (AS2) engages Oredrill Australia to complete its inaugural reverse circulation (RC) drilling program at the Burracoppin Gold Project
  • Oredrill will undertake around 2000 metres of RC drilling to follow up on multiple historical high-grade drill results
  • Work will also test mineralisation below a line of artisanal gold workings where previous sampling has returned up to 71.39 grams of gold per tonne
  • This marks Askari’s first drilling program after the company successfully listed on the ASX in early July following a $5.75 million initial public offering
  • Askari is up 2.88 per cent on the market with shares trading at 21.8 cents at 2:46 pm AEST

Askari Metals (AS2) has engaged Oredrill Australia to complete its inaugural reverse circulation (RC) drilling program at the Burracoppin Gold Project.

Oredrill will undertake around 2000 metres of RC drilling to follow up on multiple historical high-grade drill results.

Work will also test mineralisation below a line of artisanal gold workings where previous sampling has returned up to 71.39 grams of gold per tonne (g/t).

Previous drilling at Burracoppin has returned 14 metres at 13.7 g/t gold from 32 metres, two metres at 9.1 g/t gold from 18 metres and 18 metres at 5.64 g/t gold from zero metres.

This marks Askari’s first drilling program after the company successfully listed on the ASX in early July following a $5.75 million initial public offering (IPO).

The $5.75 million was raised through the issue of 28.75 million shares priced at 20 cents each.

Vice President of Exploration and Geology Johan Lambrechts states this was an important milestone for the company and he was happy to partner with Oredrill.

“This is an important milestone for the company and signifies the commencement of a busy exploration season for Askari,” Mr Lambrechts said.

“We are very pleased to have been able to secure the drilling services of Oredrill. They possess the right level of skill and experience and are familiar with the geological terrains that host our Burracoppin Gold Project.”

Askari was up 2.88 per cent on the market with shares trading at 21.8 cents at 2:46 pm AEST.

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