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Future Battery Minerals (ASX:FBM) is heading into Week 38 on a high, with the company spotting “strong” gold anomalism after first-phase RC drilling at the Canyon prospect at its 100%-owned Miriam Project in Coolgardie.
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This content has been prepared as part of a partnership with Future Battery Minerals Ltd and is intended for informational purposes only.
The Australian explorer has been running a 21-hole drilling campaign at the Western Australian project for some months; these are the final assays.
As much as 880 metres were drilled this segment, which included key intercepts from four-metre composite samples, like 20 metres at 0.55 grams per tonne gold (from 28 metres) and 4m at 1.6g/t gold (from 40m).
The drilling has confirmed the presence of a wide, mineralised shear zone, which Future Battery Minerals has today dubbed the “Miriam Shear.”
This structure remains open to the east, north, and at depth, the company reported, and coincides with several prospects over 6.2 kilometres, including Forrest, Forrest South, Burbanks Monarch, and Canyon.
So far, only limited drilling has been run across the strike length in question.
“[These results] highlight a much larger potential gold system,” FBM CEO Nick Rathjen said.
“We’re now sending the four-metre composite samples for single metre assays, to better understand the true grade and thickness,” he added.
Future Battery will also be running “further growth-focused exploration drilling over the next twelve months, with the explorer’s hope that “substantial further gold prospectivity may be unlocked through focused drilling.”
“We are very pleased with the full results from our Phase 1 drilling program at Miriam,” Mr Rathjen continued, “This modest initial programme has delivered a breadth of exploration success that strongly validates the current gold-focused strategy within our Coolgardie project portfolio.”
Future Battery’s exploration team will next move onto a 3,000-metre Phase Two RC program, which is double the size. Drilling is scheduled to start next week and will test oxide and fresh rock extensions on the shear.
FBM heads into this new week’s trade selling at 3.6cps.
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