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Everest Metals (ASX:EMC) has kicked off a program of reverse circulation drilling at its Mt Dimer project in Western Australia, where it’s looking to test four high-priority gold anomalies as it spins up production in 2025.
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The project – located 120 kilometres northeast of Southern Cross – contains an inferred mineral resource estimate (MRE) of 722,000 tonnes at 2.10 grams per tonne for 48,545 ounces of gold.
Drilling work will focus on targets within tenements E77/2383, which have been defined
through the integration of geochemical anomaly interpretation and alteration zones delineated from high-resolution satellite imagery.
EMC executive chairman and CEO Mark Caruso said the company planned to approach the targets systematically.
“EMC’s geological team has interpreted multiple data sets to identify drill targets with the potential to uncover similar mineralisation to that already found in the Mt Dimer gold mining region,” he said.
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Mr Caruso continued: “By adopting a systematic and methodical exploration strategy, we are confident in leveraging this data to unlock additional gold mineralisation in the upcoming drilling campaign.”
EMC has been trading at 14.5 cents on Tuesday.
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