Battery Minerals (ASX:BAT) - Executive Chairman, David Flanagan
Executive Chairman, David Flanagan
Source: Business News
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • 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
More From The Market Online

Sierra Rutile rejects takeover bid from PRM Services again

Sierra Rutile has urged its shareholders for a second time to reject a takeover offer from…

Terra Uranium picks up prime 15M-pound deposit in Canada

Terra Uranium has bolstered its Canadian portfolio by acquiring the Amer Lake deposit in Nunavut, which…
The Market Online Video

Lithium Universe locks in shipping port location for lithium spodumene imports

Lithium Universe (ASX:LU7) has locked in a maritime port through which it can receive shipments of…

AIC raises ore reserve estimates by 86% copper and gold at QLD’s Jericho

AIC Mines has updated its ore reserve estimate at the Jericho deposit in north Queensland showing…