Sampling work at an historic mine within the Khartoum project area, North Queensland. Source: EV Resources
The Market Online - At The Bell

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

  • EV Resources (EVR) reports it’s on track to start drilling at its Khartoum tin-tungsten project in North Queensland, despite delays due to heavy rainfall
  • Access has been cleared and drill pads are ready for an initial 3,000 metre reverse circulation drilling campaign scheduled for the end of May at the Boulder prospect
  • The program will test a number of high-grade mineralised outcrops and follow up previous drill results
  • EVR has also been undertaking reconnaissance work across multiple prospects to determine the potential for high-grade economic tin-tungsten mineralisation in the area
  • Shares are trading 2.5 per cent lower at 3.9 cents at 2:20pm AEST

Despite delays due to heavy rainfall, EV Resources (EVR) has reported it’s on track to start drilling at its Khartoum tin-tungsten project in North Queensland.

An initial 3,000 metre reverse circulation drilling campaign is scheduled for the end of May at the Boulder prospect.

The prospect hosts granite, lower-grade and bulk tonnage targets which have been identified at numerous pipes.

The drilling program has been designed to determine the potential for mineralisation along the linear alteration zones between these pipes and for associated deeper mineralisation.

Specifically, the initial program will follow up previous drill results, as well as assess un-tested mineralised greisen outcrops.

While fieldwork was delayed due to heavy wet season rainfall, EVR has cleared access and completed drill pads ready for the start of drilling.

“I am extremely pleased with the progress being made at Khartoum considering project
acquisition was only finalised in late-September last year and the prolonged wet season has limited field activities,” Executive Director Adrian Paul said.

“The planned drilling at the Boulder Prospect will be the first step in defining bulk mineable tin mineralisation with the potential for supplementary high-grade feed from the Brownville and Stannary Hills areas.”

Outcrop sampling was also undertaken in the northern portion of the Boulder area to further define the drill targets, and the company is awaiting sample results.

In its quest to determine the potential for high-grade economic tin-tungsten mineralisation in the area, EV Resources has begun reconnaissance work across the Brownville mineral field and the Gows and Tungsten Knob prospects within the Khartoum project.

Past exploration was completed in this area for base metals, where tin mines were also present, however no drilling has been recorded.

The company is now tracking down historical working, while also undertaking systematic rock chip sampling.

Shares were trading 2.5 per cent lower at 3.9 cents at 2:20pm AEST.

EVR by the numbers
More From The Market Online
The Market Online Video

Market Close: Green lights up on ASX for Easter hunt go

The ASX200 closed the day in record territory - nearly a per cent up with every…

Week 13 Wrap: Easter bunny delivers new all time high for ASX200

Another week, another all time high. The ASX200 clocked 7,901pts on Thursday for the first time…

Market shrugs as Fisher & Paykel announces mass recall

Fisher & Paykel has initiated a voluntary limited recall of batches of Airvo 1 and my…
The Market Online Video

Market Update: ASX glows red hot with another hit record

The ASX200 is trading up, hitting a new high of 7901 point and eclipsing the last…