- Anax Metals (ANX) begins metallurgical and geotechnical drilling at the Whim Creek Project in the Pilbara region of Western Australia
- Six geotechnical holes will be drilled at the Mons Cupri, Evelyn and Salt Creek deposits, while three metallurgical holes will be drilled at the Evelyn and Salt Creek deposits
- Geotechnical logging of the first hole at the Mons Cupri deposit is underway and once logging has been completed, the drill core will be shipped to Perth for chemical assays
- Once received, the results will provide important information for the Whim Creek definitive feasibility study which is scheduled to be completed in the middle of the year
- Anax ends the day in the grey with shares trading at 9.1 cents
Anax Metals (ANX) has begun metallurgical and geotechnical drilling at the Whim Creek Project in the Pilbara region of Western Australia.
The project is held in a joint venture with Develop Global who holds 20 per cent while Anax holds the remaining 80 per cent.
Six geotechnical holes, for 650 metres, will be drilled at the Mons Cupri, Evelyn and Salt Creek deposits, while three metallurgical holes, for 350 metres, will be drilled at the Evelyn and Salt Creek deposits.
Geotechnical logging of the first hole at the Mons Cupri deposit is underway and once logging has been completed, the drill core will be shipped to Perth for chemical assays.
The results will then be used to confirm and increase the confidence in the previously completed waste rock characterisation assessments.
Results from the metallurgical holes will be scanned with an x-ray fluorescent scanner in Perth to aid with composite selection.
A few samples will also be submitted for geochemical assays for calibration purposes and the core will primarily be used for comminution and flotation test work.
Once received, the results will provide important information for the Whim Creek definitive feasibility study which is scheduled to be completed in the middle of the year.
Anax is also planning to begin exploration drilling in Q2 2022 once the feasibility drilling has been completed.
Anax has ended the day in the grey with shares trading at 9.1 cents in a $36.43 million market cap.