- West Australian exploration company PVW Resources (PVW) has commenced its auger drilling program at the Kalgoorlie Project early than expected
- The drilling program was expected to commence in the second quarter of 2021, but a drill rig became available early
- Drilling will include up to 600 holes and will test for near-surface gold anomalies on two tenements
- On market close for the day, PVW is up 11.1 per cent, trading at 15 cents
West Australian exploration company PVW Resources (PVW) has commenced its auger drilling program at the Kalgoorlie Project early than expected.
The drilling program will include up to 600 holes and will test for near-surface gold anomalies on two tenements E27/571 and E27/614.
While the drilling was planned for the second quarter of 2021, a Kalgoorlie-based auger drill rig has become available to complete the work. PVW has taken advantage of the drill rig and will complete part of the program now and leave the remainder until the second quarter.
Drilling will start on E27/571 with 100 holes planned at the southern end of the tenement and then move to E27/614.
Executive Director George Bauk is pleased to commence the auger drilling program early.
“This will provide the team with information to assist with drill target definition. The area adjoining our tenements has produced some excellent results in the past 12 months which has encouraged us to commence exploration in this area immediately,” he said.
“It’s a busy period for the company following the completion of the merge with Thred,” he added.
While over in Lenora, the company is finalising the sites for the upcoming drilling program.
“We are currently planning the final position of the holes at Leonora for our RC drilling program which could start as early as next week, subject to the arrival of the drill rig,” George told the market.
On market close for the day, PVW is up 11.1 per cent, trading at 15 cents.