Australasian Metals (ASX:A8G) - Managing Director, Dr Qingtao Zeng
Managing Director, Dr Qingtao Zeng
Source: MetalsTech
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  • Australasian Gold (A8G) has begun drilling at the May Queen Gold Project in Queensland’s Brovinia region
  • The maiden drilling program will follow up on historic drilling undertaken at the site which found high-grade gold intervals
  • The diamond drill rig will test the mineralisation at depth and along strike and look for potential parallel structures
  • A8G carried out a ground magnetic survey at May Queen that identified further targets near the northwest mineralisation structure
  • Company shares are trading steady at 17 cents each

Australasian Gold (A8G) has begun drilling at the May Queen Gold Project in Queensland’s Brovinia region.

The materials stock revealed on Thursday that the diamond drill rig had arrived at the project earlier in the week, with drilling beginning immediately.

A8G’s maiden drill program at May Queen was designed to follow up on historic drilling undertaken at the site which found high-grade gold intervals.

The drill rig will test the existing mineralisation at depth and along strike while also looking for potential parallel structures.

A recent ground magnetic survey carried out at the site identified further targets near the northwest mineralisation structure.

All up, A8G expects drilling to run for three weeks and said depending on the results, further drilling may be undertaken at May Queen.

“Depending on the results of the program, the company may look at stepping out drilling to the west in order to test the known west dipping mineralisation,” A8G said in a statement.

“As the ground conditions are good and water is sourced locally, it is estimated that the drilling will take three weeks to complete.”

Shares in Australasian Gold were trading steady at 17 cents each at 3:14 pm AEST.


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