Total
0
Shares
Peako (ASX:PKO) commences drilling at East Kimberley
Aircore Drilling at Eastman. Source: Peako
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Peako (PKO) has commenced aircore drilling at its East Kimberley project in Western Australia
  • The drilling program will test 10 priority targets across seven areas that have an array of prospective geological features
  • Aircore drilling will help define the reverse circulation drill targets for testing later in the field season
  • On market close, Peako is down 9.09 per cent and is trading at 4 cents per share

Peako (PKO) has commenced aircore drilling at its East Kimberley project in Western Australia.

The drilling program will test 10 priority targets across seven areas that have an array of prospective geological features.

Aircore drilling is planed along 100- to 200-metre-spaced lines across the target and results will help with defining the reverse circulation drill targets for testing later in the field season.

Notably, the drilling program is supported by two Western Australian Government Exploration Incentive Scheme co-funded drilling grants, totalling $320,000.

Earlier this month, Peako found two vein systems, Appaloosa and Gypsy, at the Eastman tenement.

Mapping of these new vein systems has commenced and continues to extend the known footprint of the vein system.

"We are pleased to have commenced aircore drilling as the first step in our multi-phase drilling campaign that will test a pipeline of target areas over the coming months," Executive Director Rae Clark said.

"Having secured a multi-purpose track-mounted rig we are positioned to rapidly
follow-up encouraging aircore results with RC and/or diamond drilling," she added.

On market close, Peako is down 9.09 per cent and is trading at 4 cents per share.

PKO by the numbers
More From The Market Herald
Flynn Gold (ASX:FG1) receives first assay results from Brilliant

" Flynn Gold (ASX:FG1) hits more high-grade gold at Brilliant

Flynn Gold (FG1) has received high-grade gold results from one hole drilled at the Brilliant prospect within the Golden Ridge Project in Tasmania.
Megado Gold (ASX:MEG) confirms gold zone at Chakata Gold Project

" Megado Gold (ASX:MEG) hits gold in Ethiopia

Megado Gold (MEG) has received results from diamond core drill holes at the GT Prospect in southern Ethiopia.
Balkan Mining and Minerals (ASX:BMM) - Managing Director, Ross Cotton - The Market Herald

" Balkan Mining and Minerals (ASX:BMM) teams up with Puro.earth

Balkan Mining and Minerals (BMM) has teamed up with Puro.earth to sign a marketplace platform agreement.
Conico (ASX:CNJ) - - The Market Herald

" Conico (ASX:CNJ) intersects massive sulphide lenses at Cascata

Conico (CNJ) has intersected multiple lenses of massive sulphides in the first hole drilled at the Cascata Prospect, within the Ryberg project in