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• Recent British Hill drill program completed
• Drilling confirms mineralisation extends up dip to the east
• Drilling aimed at expanding British Hill MRE
• New MRE expected over the upcoming weeks
Forrestania Resources (ASX:FRS) has received positive recent batch of assay results from the recent drilling at the historical British Hill project in WA.
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British Hill is situated on granted Mining Lease M77/1256, located 75km SSE of Southern Cross in the Yilgarn mineral field.
The tenement is located close to the Parker Dome, which lies centrally within the long Southern Cross-Forrestania Greenstone Belt, an Archaean-aged greenstone rock package that varies in metamorphic grade between upper greenschist and amphibolite facies.
Chairman, David Geraghty, said the drilling has successfully given the company a stronger understanding of the geology of the deposits, as well as successfully testing mineralisation at depth and along strike.
“These latest results continue to reinforce our confidence in the British Hill deposit, with drilling successfully extending mineralisation both up-dip and at depth while returning multiple high-grade gold intercepts,” Mr Geraghty said.
“A further POW is awaiting approval, with the intent once granted to immediately commence further drilling. Importantly, British Hill is already located on a granted Mining Lease with ore already being trucked to our Lake Johnston processing hub.
“As we continue to expand the mineral resource estimate over the coming weeks, we see increasing potential for British Hill to become another valuable source of ore within our regional development strategy.”
Forrestania hit gold in multiple holes and highlights from recent drilling includes 4.0m at 1.50 grams per tonne (g/t) gold from surface, 9.0m at 1.60 g/t gold from 55m and 1.0m at 3.39 g/t gold from 179m.
Notably drilling successfully tested mineralisation at depth and along strike.
Gold mineralisation at British Hill occurs amongst high-grade quartz veins developed in response to syn-mineralisation strain regime, within it. Gold is generally hosted by the sheared and quartz veined host.
British Hill has a current JORC-compliant resource of approximately 54,625 ounces of gold above a 0.5g/t lower cutoff.
Forrestania has established a substantial portfolio of gold assets across WA’s premier mineral provinces, including the Southern Cross, Eastern Goldfields and Forrestania regions.
These assets provide the foundation for the company’s strategy to develop two complementary processing hubs at Edna May and Lake Johnston, creating a scalable platform for future production and regional consolidation.
FRS was steady at 40.0¢ with a Mkt cap of $518.7M.fz
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