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- Lycaon Resources (LYN) begins a phase one reverse circulation (RC) drilling program at the Rocky Dam Gold Project in Western Australia
- A total of eight holes will be drilled to investigate below the supergene mineralisation identified to date
- Lycaon will aim to gain a better understanding of the potential controls on the mineralisation to speed up future drilling programs
- Previous exploration at Rocky Dam identified gold mineralisation at the CRA-North Prospect with historical drilling intersecting up to 4.1g/t gold
- Lycaon ends the day 3.95 per cent in the green with shares trading at 39.5 cents
Lycaon Resources (LYN) has begun a phase one reverse circulation (RC) drilling program at the Rocky Dam Gold Project.
The 182-square kilometre Rocky Dam Project lies within the highly prospective Norseman-Wiluna Greenstone Belt within the Eastern Goldfields of Western Australia.
A total of eight holes, for 1920 metres, will be drilled to investigate below the supergene mineralisation identified to date.
Lycaon will aim to gain a better understanding of the potential controls on the mineralisation to speed up future drilling programs.
Previous exploration at Rocky Dam has identified gold mineralisation at the CRA-North Prospect with historical drilling intersecting four metres at 4.1 grams of gold per tonne (g/t) from 62 metres including one metre at 13.8g/t gold from 67 metres.
Geophysical, geochemical and geological reviews are continuing throughout the rest of the project to aid with target identification and the planning of further exploration programs.
“The phase one RC drilling will be critical to outlining the extent of gold mineralisation at Rocky Dam,” Technical Director Thomas Langley commented.
“The drilling will test for extensions of the historical high-grade gold intersections of up to 13.8g/t and extensive supergene mineralisation that is typical of larger deposits at depth.”
“I’m pleased that we can undertake drilling activities early in 2022 and look forward to receiving assay results in Q2 this year.”
Lycaon has ended the day 3.95 per cent in the green with shares trading at 39.5 cents in a $13.11 million market cap.
