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- Focused 540m diamond drilling program targeting depth and strike extensions
- Drilling underway with diamond rig on site
- Approximately 540m of diamond drilling across eight holes
- High-grade gold at surface and in shallow historical drilling
Jacaranda Natural Resources (ASX: JRL) has kicked-off diamond drilling at its Globe gold project in Botswana after the rig arrived on site yesterday.
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With planned gold drilling in Botswana and copper-gold targets in Queensland, Jacaranda Resources is progressing a multi-stage exploration program, with further work planned as targets develop.
Phase one comprises approximately 540m of diamond drilling across eight holes, with drilling expected to take approximately four weeks.
The initial program is designed to test priority gold targets associated with historical workings and encouraging shallow gold intersections, focusing on establishing the depth and strike continuity of interpreted mineralised structures.
The program represents the first stage of a systematic, results-driven exploration strategy.
CEO, Craig Hatch, said outcomes will help refine the geological model and inform the planned aeromagnetic and induced polarisation (IP) geophysical surveys, while combined drilling and geophysical results will guide the prioritisation and design of a subsequent, more extensive drilling program targeting the most prospective areas.
“Having the rig turning at Globe within days of listing is exactly what we told investors we would do,” Mr Hatch said.
“We have focused phase one beneath the high-grade gold at surface and in shallow historical drilling, and diamond core will give our technical team the structural data to understand what controls it.”
Phase One comprises approximately 540m of diamond drilling across eight holes, with drilling expected to take approximately four weeks.
The initial program is designed to test priority gold targets associated with historical workings and encouraging shallow gold intersections, focusing on establishing the depth and strike continuity of interpreted mineralised structures.
Mr Hatch said the program represents the first stage of a systematic, results-driven exploration strategy.
Outcomes will help refine the geological model and inform the planned aeromagnetic and induced polarisation (IP) geophysical surveys.
Combined drilling and geophysical results will guide the prioritisation and design of a subsequent, more extensive drilling program targeting the most prospective areas.
JRL was steady at 16.0¢ with a Mkt cap of $10.53M prior to markets opening.
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