Drilling Campaign Underway at Grace Gold Project
Filed with ASX · · 9 pages · English
Summary by 6ix AI
Paterson Resources Limited has announced the commencement of a diamond drilling campaign at the Grace Gold Project, which aims to enhance the current mineral resource estimate and provide samples for metallurgical testing. Environmental surveys have been conducted to ensure compliance with exploration management plans prior to the drilling activities. The company is optimistic that these drilling efforts will improve confidence in the mineral resource and potentially lead to a reclassification of the resource status.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
• The primary objective is to potentially upgrade the current Inferred Mineral Resource Estimate (MRE) – 3.46Mt @ 1.79 g/t Au for 200,000oz Au contained gold* – to Indicated status, while providing samples for ongoing metallurgical test-work • The previously announced** reverse circulation (RC) drilling campaign, encompassing 8,000m for 34 drill-holes, is due to commence once the DD program conclu
Paterson Resources Limited on 6ix
Earlier from Paterson Resources
- Comprehensive Drilling Campaign to Commence at Grace Project
- Significant MRE Update to 200,000oz Au at Grace Gold Project
- Phase I Assays Continue to Shine
- Response to ASX Price and Volume Query
- Further High-Grade Shallow Gold Results Returned
Later from Paterson Resources
- Quarterly Activities/Appendix 5B Cash Flow Report
- RC Drilling Campaign Commences at Grace Gold Project
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