Blaze Minerals (ASX:BLZ) - Managing Director, Simon Coxhell
Managing Director, Simon Coxhell
Source: Great Northern Minerals
The Market Online - At The Bell

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

  • Blaze Minerals (BLZ) sees early success at its Earaheedy Basin Project in WA after beginning drilling in late July
  • To date, 12 holes have been drilled within E69/3815 to target the prospective stratigraphy with five of these holes recording mineralised bedrock
  • Portable x-ray fluorescence returned up to 1.69 per cent zinc and 0.18 per cent lead and the company expects to receive samples in the coming days
  • Heritage surveys are being planned and will be completed once all authorised drilling has wrapped up, allowing for a further eight kilometres of strike to be tested
  • Blaze shares have ended the day 20 per cent in the green to close at 3 cents

Blaze Minerals (BLZ) has seen early success at its Earaheedy Basin project in Western Australia after beginning drilling in late July.

To date, 12 holes, for 1627 metres, have been drilled within E69/3815 to target the prospective stratigraphy. Of the 12 holes, five recorded mineralised bedrock.

The first five holes tested the potential of the Iroquois carbonate dolomite formation, however, no anomalous results were returned.

The remaining six holes then evaluated and tested the Frere/Yelma unconformity which was intersected in all holes.

Portable x-ray fluorescence (XRF) results include nine metres at 1.69 per cent zinc and 0.07 per cent lead within 21 metres at 0.68 per cent zinc and 0.11 per cent lead, and six metres at 1.27 per cent zinc and 0.18 per cent lead.

Samples are expected to be received by the laboratory in the coming days and results may differ from those from the XRF analysis.

Based on the work completed to date, the tenement covers roughly 25 kilometres of prospective stratigraphy and Blaze will advance drilling to the west-northwest.

Heritage surveys are being planned and will be completed once all authorised drilling has wrapped up, allowing for a further eight kilometres of strike to be tested.

Blaze shares have ended the day 20 per cent in the green to close at 3 cents.

BLZ by the numbers
More From The Market Online

ASX200 jumps as RBA holds rates on pause but “uncertainty” remains

The Reserve Bank of Australia (RBA) has kept interest rates on hold at 4.35% widely in…

Indiana Resources’ latest beneficiation test returns high TREO results

Indiana Resources' latest beneficiation test at its Central Gawler Craton Exploration project in South Australia has…
The Market Online Video

Frontier’s Waroona: the right renewable energy project, at the right time

Hear about Frontier Energy's plans to leverage the decarbonisation journey by building out a solar farm…
The Market Online Video

Market Update: RBA holds interest rates at 4.35%

The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent.