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- Updated MRE totalling 126,290 ounces of gold
- Includes1,878,500 tonnes at 1.43 g/t in the Indicated category
- MRE supported by recent 19-hole drill program
- Additional 100-hole drill program approved
Forrestania Resources (ASX:FRS) has released an significantly updated JORC-compliant mineral resource estimate for the British Hill deposit at the Forrestania Hub of 2,620,900 tonnes at 1.50 grams per tonne (g/t) of gold for 126,290 ounces.
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“British Hill continues to expand, with a more than doubling of the previous mineral resource rstimate and a material increase in the proportion of higher-confidence Indicated resources,” chairman, David Geraghty, said.
“The combination of resource growth, ongoing drilling success and excellent regional infrastructure positions British Hill as a key asset within our broader Forrestania gold strategy.
“With three RC drilling rigs on site and drilling continuing, we believe there remains significant opportunity to further expand the resource base and enhance project economics as we progress technical studies and evaluate future development pathways.”
The historical British Hill Project is located 75km SSE of Southern Cross in the Yilgarn mineral field of WA.
The lode is typically defined by a corridor of quartz stock-working, often cored by more linear laminated quartz veins. The system is relatively deeply weathered in the south, and a component of supergene mineralisation is thought to exist. In the north, weathering is less pronounced.
Work has recommenced with three RC rigs focussed on resource development drilling along down dip, Forrestania have an additional 100-hole drill program approved.
FRS is steady at 33.0¢ with a Mkt cap of $524.4M.
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