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Greenstone Resources (ASX:GSR) - CEO & Managing Director, Chris Hansen
CEO & Managing Director, Chris Hansen
Source: Chris Hansen / LinkedIn
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  • Greenstone Resources (GSR) begins drilling at the Burbanks Gold Project in Western Australia
  • A total of 5500 metres of reverse circulation and diamond drilling will be undertaken across the Burbanks South, Birthday Gift, Main Lode and Burbanks North mines
  • The drilling rig is currently at Burbanks South with 1800 metres of infill drilling planned to support future resource updates
  • Once drilling wraps up, the rig will move to Birthday Gift, Main Lode and Burbanks North to extend zones of known high-grade mineralisation
  • Greenstone is steady on the market with shares trading at 2.6 cents

Greenstone Resources (GSR) has begun drilling at the Burbanks Gold Project in the Goldfields region of Western Australia.

The Burbanks Project lies nine kilometres southeast of Coolgardie and includes over five kilometres of the highly prospective Burbanks Shear Zone.

A total of 5500 metres of reverse circulation (RC) and diamond drilling will be undertaken across the Burbanks South, Birthday Gift, Main Lode and Burbanks North mines.

The drilling rig is currently at Burbanks South with 1800 metres of infill drilling planned to support future resource updates.

Over 2500 metres of historical drilling has been completed at Burbanks South to outline a 400-metre strike of shallow, near-surface mineralisation.

Results include one metre at 8.14 grams of gold per tonne (g/t) from 32 metres, three metres at 6.3g/t gold from 23 metres and four metres at 5.26g/t gold from 38 metres.

Once drilling wraps up at Burbanks South, the rig will move to Birthday Gift, Main Lode and Burbanks North to extend zones of known high-grade mineralisation.

Mineralisation remains open at shallow depths, where there has been limited exploration below 250 metres and no exploration below 350 metres.

Greenstone’s upcoming drilling program will focus on the under-explored area below 250 metres.

CEO and Managing Director Chris Hansen said the company is excited to resume drilling.

“We are pleased to get back on the ground and resume exploration activities at Burbanks where despite the projects long history of high-grade production, has seen limited exploration at depth or outside of the central Burbanks Mining Centre,” Mr Hansen said.

“The planned drilling will serve to infill areas of historical near-surface drilling as well as test known high-grade plunges further at depth.

“We are hopeful that the current drill campaign at Burbanks will set the foundations for an expanded exploration program in 2022 and subsequent resource updates.”

Greenstone was steady on the market, with shares trading at 2.6 cents at 12:03 pm AEDT.

GSR by the numbers
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