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Be the first with the news that moves the market- Askari Metals (AS2) begins another round of reverse circulation (RC) drilling at its Burracoppin gold project in WA
- The phase three program will drill up to 3500 metres to test multiple targets around the Burgess Find, Christmas Gift and Benbur zones
- The drilling program’s broader goal is to add new mineralisation and extend known zones to eventually support a maiden mineral resource estimate and a potential scoping study
- AS2 shares are trading flat at 49.5 cents at market close
Askari Metals (AS2) has begun a phase three reverse circulation (RC) drilling program at its Burracoppin gold project in Western Australia’s Wheatbelt region.
The phase three program will drill up to 3500 metres to test several targets including strike extensions of the Burgess Find and Christmas Gift zones where mineralised structures were intersected in phase one drilling.
Drilling will also target two untested areas identified by gold anomalism in soil geochemical data as well as the depth extension of mineralisation intersected at the Benbur zone in phase two.
Previous results include four metres at 4.27 grams per tonne (g/t) gold from 25 metres in phase one and 8.5 metres at 4.88g/t gold from 19.5 metres in phase two.
Vice President for Exploration and Geology Johan Lambrechts said the company has tested a number of the targets and has been “rewarded with excellent results” from each phase.
“Phase three will see the drill rig return to the main mineralised trend and will test areas that have never been drilled before. The company looks forward to the outcome of this phase of work and looks forward to continuing drilling at Burracoppin,” he said.
Overall, the latest drilling effort aims to add new mineralised zones to the suite of mineralised units at the Burracoppin project with a focus on extending known zones. This will reportedly help the company to complete a maiden JORC 2012 mineral resource estimate and a potential scoping study.
AS2 shares were trading flat at 49.5 cents at market close.
