Join our daily newsletter At The Bell to receive exclusive market insights
- IRIS Metals (IR1) identifies two new gold targets at its Kookynie project in WA’s Goldfields region
- The additional targets come from an interpretation of high-resolution aeromagnetic survey data covering newly acquired tenure at the project
- Iris is focusing on refining drill targets after results from drilling at its highest priority Rise and Shine prospect were not in line with expectations
- The company hopes the targets over new areas have the size potential to deliver economic resources and soil sampling is scheduled to target geophysical anomalies
- IRIS shares are up 10.9 per cent, trading at $1.23 just before market close
IRIS Metals (IR1) has identified two new high priority structural geological gold targets at its Kookynie project in Western Australia’s Goldfields region.
The additional targets come from an interpretation of high-resolution aeromagnetic survey data covering the newly acquired tenure at the project.
The survey comprised 6432-line kilometres and data was collected at 50 metre line spacing at an average height of 30 metres above ground.
The new targets add to the initial 24 aeromagneitc targets already reported across the tenement package.
IRIS is focusing on refining drill targets after results from drilling at its highest priority Rise and Shine prospect were not in line with expectations.
The company is hoping the targets over new areas have the size potential to deliver economic resources.
A soils geochemistry program is due to start in the coming weeks to target geophysical anomalies.
IRIS shares were up 10.9 per cent, trading at $1.23 just before market close.
