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Battery Minerals (ASX:BAT) - Executive Chairman, David Flanagan
Executive Chairman, David Flanagan
Source: Business News
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  • Battery Minerals (BAT) has scheduled inaugural drilling at its recently acquired Stavely Stawell gold-copper project in Victoria
  • The company has identified at least seven drilling targets with three established as priority targets and another four for further assessment
  • The targets include the central portion of the mineralised Moyston Fault which is home to the historical Moyston Gold Mine that produced around 22g/t gold
  • The company’s tenure includes 67 kilometres of strike along the fault which has been exposed to little or no exploration
  • Battery Minerals is in the red, last trading at 2.7 cents a share

Battery Minerals (BAT) has scheduled inaugural drilling at its recently acquired Stavely-Stawell gold-copper project in Victoria.

The company has identified seven priority drilling targets within the Stawell Gold
Corridor and plans to start the program next month.

Through on-ground field activities and interrogation of data sets, three priority targets have been established and will be tested as part of the 5000-metre aircore program. Another four have been identified for further assessment.

Battery is optimistic about the central portion of the mineralised Moyston Fault which is classed as a high priority region for first-pass regional aircore drill testing.

The historical Moyston Gold Mine, which produced around 22g/t gold, is located on the Moyston Fault. Re-processed magnetic data geophysics highlighted this area as one of structural complexity.

This is important for the company as similar zones have been identified along the 67 kilometres of strike contained within Battery Minerals’ tenure, most of which has been exposed to little or no exploration.

Battery raised $5.5 million in November last year to start work at the Stavely Stawell gold-copper project.

Battery Minerals is in the red, last trading at 2.7 cents a share.

BAT by the numbers
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