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Gibb River Diamonds (ASX:GIB) completes phase two drilling at Edjudina
Source: Gibb River
  • Gibb River Diamonds (GIB) has finished its phase two drilling program at the Edjudina Gold Project in Western Australia
  • The drilling program included 5961 metres of drilling in total and the company is expecting the results from the program before Christmas
  • The campaign itself did suffer a few delays though, due to two early rig breakdowns
  • However, all up Gibb River advises that the drilling was completed with more targets and more metres drilled than originally planned
  • Gibb River Diamonds ended the session up 3.70 per cent and is trading at 14 cents per share

Gibb River Diamonds (GIB) has completed its phase two drilling program at the Edjudina Gold Project.

The Edjudina Gold Project is located 145 kilometres northeast of Kalgoorlie, Western Australia.

This recent aircore drilling program was designed to test strike extension targets to the north and south of the Neta Lodes gold discovery, as well as the Gawler Prospect.

Results from previous drilling at the Neta Lodes included 36 metres at 3.97g/t of gold from 4 metres.

All up, the program saw a total of 5961 metres drilled at the WA-based prospect.

The completion of the program also comes despite a few issues, including two early rig breakdowns.

Despite the issues though, GIB advises that more targets and more metres were drilled at the project than originally planned.

However, due to the breakdowns, the company said it is expecting a slight delay in the return of results.

At this stage it is expecting the assay to be returned to them by Christmas.

At the close of market, Gibb River Diamonds is up 3.70 per cent and trading at 14 cents per share.


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