Accelerate Resources (ASX:AX8) - Managing Director, Yaxi Zhan
Managing Director, Yaxi Zhan
Source: Accelerate Resources
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  • Accelerate Resources (AX8) kicks off the next phase of drilling at its Woodie Woodie North project in Western Australia’s Pilbara region
  • Forty three drill holes are planned over six priority target zones to better understand the tonnage and grade potential of the near surface mineralisation
  • It follows the first round of drilling which confirmed a deep, fertile feeder zone with iron and manganese-rich mineralisation extending in to Area 42
  • Results from both phase one and two drilling will help plan follow-up exploration, including diamond drilling in the first half of next year
  • Accelerate shares were up 2.86 per cent, trading at 3.6 cents at market close

Accelerate Resources (AX8) has kicked off the next phase of drilling at its Woodie Woodie North project in Western Australia’s Pilbara region.

Around 2000 metres of drilling is planned to follow up the first round of drilling that confirmed a deep, fertile feeder zone with iron and manganese-rich mineralisation which extends to Area 42.

Drill hole intersections from the phase one program included seven metres at 44 per cent iron and manganese including two metres at 15 per cent manganese from 70 metres down hole.

While further assays are pending, AX8 said the zones at Woodie Woodie North indicate a large and well-developed hydrothermal system, prospective for the development of large high-grade manganese orebodies.

The prospectivity has been confirmed by historical data including intercepts of seven metres grading 41 per cent manganese from surface, as well as an eight metre intercept at 37.4 per cent also from surface.

Forty three holes are planned over six priority target zones to better understand the tonnage and grade potential of the near surface mineralisation.

Additionally, the company is looking to locate new mineralisation to provide the geological framework for further exploration.

Building on the phase one program, Managing Director Yaxi Zhan said the next round of drilling is a step forward in the company’s plan to become the next producer of high grade manganese.

Accelerate Resources expects the phase two drilling program to wrap up by the end of this month.

Results from both phase one and two drilling will inform planning of follow up exploration and AX8 plans to undertake diamond drilling in the first half of next year.

Accelerate shares were up 2.86 per cent, trading at 3.6 cents at market close.

AX8 by the numbers
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