- Drilling underway inside waste transfer facility
- Targeting likely shaft locations for accurately positioning the historic workings
- High-capacity diamond rig expected to soon begin drilling deeper targeted holes
- Drilling of deeper holes marks the start a major phase of exploration at Mt Egerton
Black Horse Mining (ASX:BHL) has imported a high-capacity diamond drilling rig to undertake deeper testing of the historic Mt Egerton gold project in Victoria.
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The rig will examine the stratigraphic and structural setting of the mineralised system and support the 3D model of the historical workings.
The deeper targeted holes are expected to kick-off within the next 10 days, with several holes expected to be drilled from the same site, which may include wedging and drilling of daughter holes and potentially some navi-drilling.
MD, David Frances, said hole depths will be nominally around 500m, but may be varied depending on ground conditions and what is found in the hole.
“We are excited to begin the deeper testing of the stratigraphic and structural setting of the mineralised system and the 3D model of the historical workings,” he said.
“We also expect work on the Sister Rose portal and adit to commence imminently which will be instrumental in aiding the location of the Sister Rose shaft and hence pinning down one end of the 3D model.
The company is undertaking box-cut clearing work at the Sister Rose and will commence work on the re-establishment of the Sister Rose portal and adit at Mount Egerton.
Once the adit is re-established, location of the Sister Rose shaft should be possible, enabling the 3D model of the underground workings to be positioned accurately. The box-cut has been cleaned up to allow work on the portal and adit to commence, this is expected to be underway within the next few days.
Mt Egerton is considered to be one of the better opportunities in Victoria to re-open one of the state’s more successful historic high-grade gold mines.
Little exploration has been undertaken there in the last 20 years as it was perceived to be too difficult to operate in the area.
However, the government has recently implemented strategies to fast-track mining approvals with multiple exploration licences granted.
Gold was discovered at Mt Egerton in 1853 and it was mined until 1906, producing 1.29 million ounces at 5.5 to 19.3 grams per tonne.
BHL was steady at 17.5¢ with a Mkt cap of $11.31M before markets opened.
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