- AusQuest (AQD) prepares to embark on back-to-back drilling programs at its copper-nickel and base metals projects in Western Australia
- The busy exploration period in 2023 will take place under its strategic alliance agreement (SAA) with a subsidiary of mining giant South32 (S32)
- AusQuest will begin a reverse circulation (RC) drilling program at the Moora project in the coming days before commencing a major diamond drilling program at the Balladonia project
- Additionally, the company will commit to further diamond drilling at its Jubilee Lake prospect, scheduled to commence in the middle of 2023
- Shares in AQD are trading at 1.6 cents at 12:27 pm AEDT
AusQuest (AQD) gears up to embark on back-to-back drilling programs at its copper-nickel and base metal projects in Western Australia.
The busy exploration period in 2023 was made possible through AQD’s strategic alliance agreement (SAA) with a South32 (S32) subsidiary.
AusQuest Managing Director Graeme Drew said the company was looking forward to beginning its latest drilling programs across the three projects in WA.
“We are pleased to have back-to-back drill programs underway once again in WA, especially at Balladonia, where previous drilling provided sufficient encouragement to commit to a much larger and more wide-ranging drilling program than before,” he said.
“We are excited about what the future may hold for all of the prospects being tested and look forward to being able to report results from these programs as they become available.”
The company said under the “intensive period of exploration”, it would drill test multiple large-scale targets across the state over the course of the next sixth months.
It will begin with a reverse circulation (RC) drill program at the Moora copper-nickel project, to commence in the coming days, which will comprise three holes for around 750 metres.
AusQuest will then commence a major diamond drilling program at the Balladonia base metals project, drilling 13 holes for around 4800 metres, in late march. It will test several magnetic and gravity anomalies.
Finally, towards the middle of 2023, AusQuest will embark on around 1200 metres of further diamond drilling to test a large electromagnetic (EM) target at its Jubilee Lake prospect.
Shares in AQD were trading at 1.6 cents at 12:27 pm AEDT.