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Fin Resources (ASX:FIN) - Director, Jason Bontempo
Director, Jason Bontempo
Source: Business News
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  • Fin Resources (FIN) has completed its first-ever drilling campaign within the McKenzie Springs Project in Halls Creek, Western Australia
  • The drill holes were designed to test multiple modelled conductors, defined from Fixed Loop Electromagnetic geophysical surveys
  • The drilling did not intersect significant sulphides, but disseminated zones of sulphides were encountered
  • Fin Resources is now in the process of further geological and geophysical modelling
  • Fin Resources is down 28.6 per cent in early morning trade to 1.5 cents per share

Fin Resources (FIN) has completed its first-ever drilling campaign within the McKenzie Springs Project in Halls Creek, WA.

The McKenzie Springs project is located 85 kilometres northeast of Halls Creek in Western Australia, comprising three diamond drill holes for 947.9 metres. Fin Resources has a 70 per cent interest in the project, alongside Cazaly Resources (CAZ).

The drillholes were designed to test multiple modelled conductors, defined from fixed loop electromagnetic geophysical surveys.

Following the drilling, downhole transient electromagnetic surveying was completed on each drillhole. The aim of the survey was to detect and delineate bedrock conductors of interest adjacent to the diamond drillholes.

Although the drilling did not intersect significant sulphides, disseminated sulphide zones were encountered, and several in-hole and off-hole anomalies were identified, which are likely linked to sulphide mineralisation.

Fin Resources is now in the process of further geological and geophysical modelling.

“Drilling successfully intersected semi-massive sulphides, proving the system has the potential for mineralisation, however, it did not intersect the preferred ultramafic sequence which hosts economic mineralisation such as Savannah to the north. We believe this to be deeper in the sequence, and that further work is required,” said Fin Resources Director Jason Bontempo.

Fin Resources is down 28.6 per cent in early morning trade to 1.5 cents per share at 10:28 am AEDT.
     

FIN by the numbers
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