Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Minerals 260 (MI6) commences drilling to follow up on recent exploration at its Moora project in Western Australia
  • The drilling will consist of 20 reverse circulation holes for about 3000 metres of drilling at the project, which is prospective for gold, nickel, copper, and platinum group elements
  • It will target the Zest and Angepena prospects, where the company previously saw strong drill intercepts
  • In addition, the program also aims to test a new target in the south-eastern corner of the project, which was identified after a review of shallow air-core drill data
  • Shares in Minerals 260 are up 3.03 per cent and trading at 51 cents each at 10:26 am AEST

Minerals 260 (MI6) has commenced a drilling program to follow up on recent exploration work at its Moora project in Western Australia.

The drilling will consist of 20 reverse circulation holes for about 3000 metres of drilling. MI6’s Moora project is prospective for gold, nickel, copper, and platinum group elements (PGE).

The drilling program will target the Zest and Angepena prospects, where the company previously saw strong drill intercepts.

In addition, it also aims to test a new target in the south-eastern corner of the project, which was identified after a review of shallow aircore drill data.

Minerals 260 Managing Director David Richards said the drilling work was only possible thanks to the support of landowners allowing the company to access the project area.

“Being able to access some of our high priority targets for drilling during winter is a real bonus and allows us to maintain the exploration momentum at Moora where we have already defined significant mineralisation,” he said.

The program is expected to take up to three weeks, with initial assays anticipated in August.

The company said it had other targets to follow up on, and it was planning further drilling for later in the year, once crops had been harvested.

Shares in Minerals 260 were up 3.03 per cent and trading at 51 cents each at 10:26 am AEST.

MI6 by the numbers
More From The Market Herald
Ballymore Resources (ASX:BMR) - Non Executive Chairman, Nick Jorss

" Ballymore Resources (ASX:BMR) begins drilling in Queensland

Ballymore Resources (ASX:BMR) has begun drilling at the Matthews Pinnacle and Seventy Mile Mount prospects in…
Ballymore Resources (ASX:BMR) - Non Executive Chairman, Nick Jorss

" Ballymore Resources (ASX:BMR) intersects significant assays at Seventy Mile Mount

Ballymore Resources (ASX:BMR) has intersected significant assays in its initial drilling program at the Seventy Mile…

" Ballymore Resources (ASX:BMR) begins stage one drilling at Ruddygore

Ballymore Resources (ASX:BMR) has begun stage one drilling at the Ruddygore Prospect in North Queensland.

" Ballymore Resources (ASX:BMR) confirms displacement of Duffer lode at Dittmer mine, QLD

Ballymore Resources (ASX:BMR) has confirmed through diamond drilling that the historic Duffer lode at its Dittmer…