- Cavalier Resources (CVR) commences drilling at its Crawford gold deposit within the Leonora gold project in Western Australia
- The 5000-metre reverse circulation (RC) drill program will aim to explore extensions to the mineral resources estimate (MRE) along strike and at depth
- Drilling is expected to be complete in August with updates to be made once the program wraps up
- Shares end the day with no change, trading at 19.5 cents
Cavalier Resources (CVR) has commenced drilling at its Crawford gold deposit within the Leonora gold project in Western Australia.
The 5000-metre reverse circulation (RC) drill program will aim to explore extensions to the mineral resources estimate (MRE) along strike and at depth.
Drilling is expected to be complete in August with updates to be made once the program wraps up.
Executive Technical Director Daniel Tuffin said this drill program would form the start of an extensive exploration program to take place over the next two years.
“Historical drilling at Crawford has returned high-grade results inside thick mineralised zones of near-surface oxide material,” he said.
“The initial phase of this campaign will test those zones, providing further confidence in the current MRE. It will then move to extensional drilling along strike and depth to explore if there is any potential to increase the size of the current 101,000-ounce gold resource.”
Following drilling at Crawford, the drill rig will move to its nearby Gambier Lass North gold project to conduct infill drilling to support the potential to create a new gold resource at the project.
Shares ended the day with no change, trading at 19.5 cents.