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Australian Potash (ASX:APC) has unveiled its plans to re-drill key areas of interest at its Laverton Downs Gold Project following a historical review.
The company’s geotechs are foremost interested in the presence of two nearby geological trends, Lancefield and Rosemont-Barnicoat.
Those trends occur within the Laverton and Duketon greenstone belts, with that particular host rock often a source of excitement for drillers given its conducive nature for gold mineralisation over time.
The “Lancefield structure” hosts multiple known gold deposits, including at least one with a resource estimate weighing in at 1.5Moz of gold “situated to the south.”
Hoping to replicate such a find, Australian Potash will soon take a rig on-site to sniff around the same areas from where brief intercepts were pulled; one three-metre intersection graded at more than 10g/t gold.
“We are continually reviewing existing and new project opportunities including of course conducting a comprehensive re-modelling of the data and results from [Laverton],” Australian Potash CEO Matt Shackleton said.
“That review has concluded previous drilling at the LDP was largely ineffective over significant portions of the Project area, presenting a compelling opportunity to conduct fresh, deeper effective drilling.
“Proper targeting of these holes into the interpreted extensions of the highly mineralised Lancefield and Rosemont- Barnicoat Trends provides further opportunity for discovery in the Laverton district.”
APC last traded at 0.1cps.
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