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- Wildcat Resources (WC8) kicks off drilling at its Mt Adrah gold project in New South Wales
- Up to 3300 metres of reverse circulation drilling is planned to test several intrusion-related, gold system-style targets proximal to the Hobbs Pipe gold deposit
- The company says its targets are within an alteration footprint it believes is associated with a much larger mineral system
- As much of the project remains under-explored, WC8 has also planned detailed drone magnetics and ground gravity surveys over regional targets
- At market open, company shares are trading at 3 cents
Wildcat Resources (WC8) has kicked off drilling at its Mt Adrah gold project in New South Wales.
Up to 3300 metres of reverse circulation drilling has been planned to test several intrusion-related, gold system-style targets proximal to the Hobbs Pipe gold deposit.
The company’s Managing Director Samuel Ekins said the targets were “robust” and “compelling”, and are located within an alteration footprint believed to be associated with a much larger mineral system.
“Outside of the Hobbs Pipe resource the system has not been effectively tested and the project remains very much under-explored.
“These are the first deep holes into the surrounding area, and we are thrilled to be
commencing the year with such an exciting program,” Mr Ekins said.
Around 1300 metres of the program is planned to be drilled with an additional track-mounted drill rig, and is due to start drilling in February.
At the same time, Wildcat Resources has planned detailed drone magnetics and ground gravity surveys over regional targets.
At market open, company shares were trading at 3 cents.
