Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • West Australian exploration company PVW Resources (PVW) has commenced its auger drilling program at the Kalgoorlie Project early than expected
  • The drilling program was expected to commence in the second quarter of 2021, but a drill rig became available early
  • Drilling will include up to 600 holes and will test for near-surface gold anomalies on two tenements
  • On market close for the day, PVW is up 11.1 per cent, trading at 15 cents

West Australian exploration company PVW Resources (PVW) has commenced its auger drilling program at the Kalgoorlie Project early than expected.

The drilling program will include up to 600 holes and will test for near-surface gold anomalies on two tenements E27/571 and E27/614.

While the drilling was planned for the second quarter of 2021, a Kalgoorlie-based auger drill rig has become available to complete the work. PVW has taken advantage of the drill rig and will complete part of the program now and leave the remainder until the second quarter.

Drilling will start on E27/571 with 100 holes planned at the southern end of the tenement and then move to E27/614.

Executive Director George Bauk is pleased to commence the auger drilling program early.

“This will provide the team with information to assist with drill target definition. The area adjoining our tenements has produced some excellent results in the past 12 months which has encouraged us to commence exploration in this area immediately,” he said.

“It’s a busy period for the company following the completion of the merge with Thred,” he added.

While over in Lenora, the company is finalising the sites for the upcoming drilling program.

“We are currently planning the final position of the holes at Leonora for our RC drilling program which could start as early as next week, subject to the arrival of the drill rig,” George told the market.

On market close for the day, PVW is up 11.1 per cent, trading at 15 cents.

PVW by the numbers
More From The Market Herald
Adriatic Metals PLC (ASX:ADT) - CEO, Paul Cronin

" Adriatic Metals (ASX:ADT) releases silver assays for Rupice Mineral Resource

Adriatic Metals (ADT) has released silver assays for its wholly-owned Vares Silver Project in Bosnia and Herzegovina.
Turaco Gold (ASX:TCG) -Managing Director, Justin Tremain

" Turaco Gold (ASX:TCG) receives results from Bouake North

Turaco Gold (TCG) has received results from its recently completed auger drilling program at the Bouake North prospect in Côte d’Ivoire.
Australasian Gold (ASX:A8G) - Managing Director, Qingtao Zeng

" Australasian Metals (ASX:A8G) and CSIRO detect high priority lithium at Mt Peak

Australasian Metals (A8G) and CSIRO have announced the detection of high priority pegmatite and lithium at its wholly-owned Mt Peak project in the
Green Technology Metals (ASX:GT1) - CEO, Luke Cox

" Green Technology Metals (ASX:GT1) begins drilling at North Aubry

Green Technology Metals (GT1) has begun drilling at the North Aubry deposit within its Seymour Project in Ontario, Canada.