- Gibb River Diamonds (GIB) will begin its phase two drilling program at its Edjudina Gold Project in the first week of November
- A contract has been signed with a Kalgoorlie-based drilling services company which will provide aircore drilling capabilities
- The aim of this program is to test the depth and strike extensions at the newly discovered Neta Lodes
- On-strike extensions to the north and south of Neta Lodes will also be tested, as well as depth extensions
- Further, recent work at the Gawler Prospect will be followed up with further drilling
- Gibb River Diamonds is currently steady on the market with shares trading for 14 cents each
Gibb River Diamonds (GIB) is set to begin its phase two drilling at the Edjudina Gold Project in November.
The Edjudina Gold Project lies 145 kilometres northeast of Kalgoorlie in Western Australia and Gibb River believes it is highly prospective for high-grade gold vein targets.
A contract has been signed with a Kalgoorlie-based drilling services company which will provide aircore drilling capabilities.
The aim of this program is to test depth and strike extensions at the newly discovered Neta Lodes.
In particular, on-strike extensions to the north and south of Neta Lodes will be tested, as well as depth extensions.
Earlier in the month Gibb River saw its share price jump 267 per cent after it intersected up to 35g/t from Neta.
This confirmed a major new high-grade discovery at Neta with the mineralisation remaining open to the north, south and at depth.
Gibb River stated that the high-grade discovery is a very exciting development and the area will become a priority focus moving forward.
Recent success at the Gawler Prospect, where as result of six metres at 1.32g/t gold was returned, will also be followed-up with further drilling.
Gibb River is currently steady on the market with shares trading for 14 cents each at 2:13 pm AEDT.