- Mount Ridley Mines (MRD) has begun a reverse circulation drilling program at its Weld Range West Iron Project in WA
- Over the next three weeks, the company will drill up to 50 holes to test four targets of prospective banded iron formation
- Combined, the targets have a strike length of more than five kilometres
- Initial results from the first pass program at the project near Meekathara before the end of May
- Shares last traded at 0.9 cents on April 20, 2021
Mount Ridley Mines (MRD) has begun a reverse circulation drilling program at its Weld Range West Iron Project.
Weld Range West, located southwest of Meekathara in WA’s mid-west, is prospective for direct shipping ore and gold.
The project covers 52 square kilometres and approximately 10 kilometres of the Weld Range, which hosts the Madoonga, Beebyn and Iron Ridge deposits.
Over the next three weeks, Mount Ridley Mines will drill up to 50 holes to test four targets of prospective banded iron formation which have a combined strike length of more than five kilometres.
Mount Ridley completed the acquisition of Weld Range West in December 2021, after securing shareholder approval to issue consideration shares.
Chairman Peter Christie said the company is pleased to secure all the necessary approval and commence exploration within a short period of time.
“We are thankful for the tremendous cooperation and positive engagement received from stakeholders associated with the Weld Range and it has enabled us to get drilling within this relatively short period of time.”
Initial results from the first pass program are expected before the end of May.
Shares last traded at 0.9 cents on April 20, 2021.