RE: RNS14 May 2026 08:26
A maiden Phase I RC drilling programme has been designed as a staged programme of up to ~3,000 metres, comprising an initial priority sub-phase followed by a flexible follow-up phase.
The programme is expected to commence with an initial sub-phase targeting approximately 10 high-priority drillholes (c.2,000 metres). These holes have been selected based on integrated geological, geophysical and geochemical datasets and are designed to test the most prospective structural and intrusion-related Au targets.
A second, follow-up sub-phase of up to c.1,000 metres has been provisionally planned, comprising additional drillholes that will be refined and prioritised based on observations and results from the initial drilling. These follow-up holes are therefore considered flexible and subject to change as new data is acquired during the programme.
In total, the current drill plan comprises up to 16 holes for approximately 3,000 metres; however, the final number, positioning and depth of drillholes will remain adaptable as the programme progresses.
Targets include:
· Major structural zones (shears, faults, fold "jogs") coincident with geochemical anomalies,
· Edges of magnetic anomalies interpreted as intrusive bodies in contact with host rocks (including skarn and intrusion-related targets), and the structural controls related to them,
· Coincident GAIP chargeability and magnetic anomaly zones interpreted to be caused by hydrothermal alteration associated with both shear and intrusion-related Au targets, and
· Anomalous Au and arsenic ("As") results from previous shallow drilling.
Drill collar locations have been optimised using integrated datasets (Figure 2), with flexibility retained to refine targets as results from the initial sub-phase are received.
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