- Greenstone Resources (GSR) resumes drilling at its Burbanks Gold Project in the Coolgardie Goldfields of Western Australia
- A multipurpose drill rig has mobilised to site to begin diamond and reverse circulation drilling across Burbanks North and Main Lode
- The campaign has been designed to follow up results from drilling undertaken last year as well as historical data that identified three high-grade plunges near surface
- The overall focus of the campaign is to extend zones of known mineralisation to support later phases of infill drilling for resource updates
- Share have been trading 11.4 per cent higher to trade at 3.9 cents at 2:25pm AEDT
Greenstone Resources (GSR) has resumed drilling at its Burbanks Gold Project in the Coolgardie Goldfields of Western Australia.
A multipurpose drill rig has mobilised to site to begin 6,500 metres of diamond and reverse circulation drilling across Burbanks North and Main Lode.
This program follows on from the company’s drill campaign completed late last year, during which two new discoveries were made, namely Burbanks North and Burbanks South, extending the mineralised strike to over 4.5 kilometres.
Work will initially focus on the Main Lode, testing extensions to known high-grade structures where there has been minimal exploration completed below 250 metres.
In particular, drilling is planned to target extensions to intercepts including 4.7 metres at 462.1 grams of gold per tonne (g/t) from 244 metres and six metres at 39.8 g/t from 163 metres.
Following this, the rig is set to move to Burbanks North, where a recent re-interpretation of shallow historic drilling has identified three high-grade plunges near surface, directly analogous to plunges observed within the Burbanks Mining Centre.
The overall focus of the campaign is to extend zones of known high-grade mineralisation to support later phases of infill drilling required for subsequent resource updates.
Greenstone has also begun planning a follow-up drill campaign at Burbanks South, with preparations for Program of Work (PoW) applications underway.
Company shares were up 11.4 per cent to trade at 3.9 cents at 3:25 pm AEDT.