- Phase two drilling program underway at Burbanks
- Follows successful 15,000m phase one drill campaign
- Second rig mobilised to site to accelerate drilling
- Phase two drilling designed to test and extend inferred resource
Maritana Minerals (ASX: MRT) has commenced the latest phase of continued drilling at the high-grade Burbanks gold project in WA.
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Located nine km south of Coolgardie, the phase two drilling program is underway at Burbanks following a successful 15,000m phase one drill campaign.
To fast-track exploration, Maritana has mobilised a second rig to site to help de-risk the startup and ore delivery to the Black Swan processing hub.
MD and CEO, Grant Haywood, said phase two drilling is designed to test and extend the inferred resource of the high-grade Burbanks Main and Birthday Gift lodes from the current depth of 250m below surface to up to 450m below surface.
“Maritana’s phase one drilling at the Burbanks gold project has reaffirmed the high-grade nature of the mineralised system and increased our geological confidence in the deposit,” Mr Haywood said.
“Our phase two program is the next step to accelerating our exploration and development strategy for the project, improving our current mine plan to feed the Black Swan processing hub.”
The phase two drilling is supported by the successful securing of access to neighbouring tenements, with the obtaining of the ground necessary due to the steeply dipping geometry of the orebody and the limited width of Maritana’s tenure.
The company is now able to obtain to the optimal drill positioning to step back and test mineralisation at depth.
The program will focus on testing the base of the current Inferred mineral resource beneath the Main Zone and the Birthday Gift zones, with the aim of enhancing geological confidence and supporting future mining studies as well as extending the mineralisation within numerous plunging ore zones within the deposit.
Additional exploration has been initiated in the Burbanks South area targeting high-grade, shallow gold mineralisation.
Preliminary observations from recent drilling indicate the presence of shearing and quartz veining, consistent with the structural controls observed at Burbanks North.
MRT is up 0.60% to 84.0¢. Mkt cap $303.06M.
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