- Minerals 260 (MI6) kicks off new drill campaign across its Moora project and adjacent Koojan Joint Venture, roughly 150 kilometres north east of Perth, WA
- The program will include 15,000 metres of reverse circulation (RC) and diamond core drilling to target mineralisation extensions previously intersected at multiple prospects
- Previous intersections uncovered gold, copper and platinum group elements
- Drilling has already begun with one RC drill rig, and a second rig will begin in December
- MI6 shares are up 11.8 per cent, trading at 38 cents at 11:52 am AEDT
Minerals 260 (MI6) has begun a new drilling program across multiple targets at its Moora project and its adjacent Koojan Joint Venture, both roughly 150 kilometres northeast of Perth, Western Australia.
The company will complete 15,000 metres of reverse circulation (RC) and diamond core drilling across a number of prospects, targeting extensions of previously intersected mineralisation.
Previous results include up to 24 metres at 0.7 grams per tonne (g/t) gold and 1.9 per cent copper from the Mynt prospect.
Additional past results include 43 metres at 1.8 g/t gold from Angepena, 12 metres at two g/t gold and 1.4 per cent copper from Zest, and three metres at 0.52 g/t platinum group elements (PGE) from the Acga prospect.
Drilling has already commenced with one single RC rig, and a second rig is due to begin in December once further crops are harvested, allowing the company to access more targets.
All holes in the program will be typically drilled to between 150 and 200 metres deep.
A further 22 holes are also set to be drilled in a maiden RC program to test targets defined by geochemical and geophysical surveys.
“This drilling program will go a long way towards confirming our views as to the highly prospective nature of both our advanced and new priority targets,” Minerals 260 Managing Director David Richards said.
“Shareholders can look forward to an exciting period for the company over the coming weeks and months.”
MI6 shares were up 11.8 per cent, trading at 38 cents at 11:52 am AEDT.