- Marquee Resources (MQR) begins a 5800-metre drilling program at the Lone Star Copper-Gold Project in Washington State, USA
- A total of 42 holes will be drilled with depths ranging from 50 metres to 270 metres to confirm the grade, width and tenor of the mineralisation
- Drilling will also test for resource extensions to the east and south, and upgrade the current resource to a JORC 2012 compliant resource
- Marquee ends the day 10.7 per cent in the red with shares trading at 12.5 cents
Marquee Resources (MQR) has begun a 5800-metre drilling program at the Lone Star Copper-Gold Project in Washington State, USA.
A total of 42 holes will be drilled with depths ranging from 50 metres to 270 metres to confirm the grade, width and tenor of the mineralisation.
Drilling will also test for resource extensions to the east and south, and upgrade the current resource to a JORC 2012 compliant resource.
Executive Chairman Charles Thomas commented on the drilling program.
“We are now drilling 24/7 and working as quickly as possible to not only prove up the existing resource to Australian standards, but are looking to increase the known size of the project too,” Mr Thomas said.
“This is a very exciting time for the company and its shareholders, and I look forward to updating you as results come to hand.”
Marquee has ended the day 10.7 per cent in the red, with shares trading at 12.5 cents in a $19.40 million market cap.