Join our daily newsletter At The Bell to receive exclusive market insights
- Albion Resources (ALB) gears up to commence its maiden drilling program at the Pilbara East target in Western Australia following heritage clearance
- The company has appointed Durock Drilling to conduct the diamond drill program
- Work is set to get underway this month
- Shares closed up 9.09 per cent at 24 cents per share
Albion Resources (ALB) has received heritage clearance for its maiden drilling program at Pilbara East which is expected to kick off this month.
The Pilbara East target is located within the company’s Lennard Shelf Zinc-Lead Project in Western Australia’s southern Kimberley region.
The company said the heritage clearance survey was conducted in accordance with an agreement signed by ALB and the Gooniyandi Aboriginal Corporation — the registered native title body corporate for the Gooniyandi Traditional Owners.
Accordingly, the survey assessed Albion’s proposed work program, including specific drill pads, drill holes, access tracks, water supply sources and field camp locations.
The approved drilling program will comprise up to 15 drill holes for roughly 1500 metres and target two brecciated gossanous horizons that occupy fault structures at the southern end of the Home Range.
Notably, Pilbara East includes a number of anomalous rock chips previously sampled by ASX heavyweight BHP (BHP) and Western Metals.
The company’s executive chairman Colin Locke commented on the announcement.
“Pilbara East is one of several highly prospective zinc-lead targets within the Lennard Shelf Project that formed the cornerstone of our April 2021 initiative public offering,” he said.
“Based on the historical results, we believe there is the significant potential for further discoveries in proximity to the existing mineralisation, and are pleased to work with Durock during the forthcoming drill campaign.”
ALB has selected contractor Durock Drilling to conduct the diamond drilling program.
Shares closed up 9.09 per cent at 24 cents per share.
