- Ragusa Minerals (RAS) wraps up an aircore drilling program at the Burracoppin project in WA
- The 63-hole program covered five per cent of tenement E70/5708 and initial logging data has shown a number of significant intersections of white kaolinised granite
- Assays are expected in the next quarter and will be used to deliver a JORC-compliant mineral resource estimate for Burracoppin
- RAS shares have been trading steady at 8.5 cents
Ragusa Minerals (RAS) has completed a maiden drilling program at the Burracoppin project.
The halloysite project is located roughly 300 kilometres east of Perth, Western Australia.
The aircore drilling program included 63 holes and targeted the eastern edge of tenement E70/5708 to test for extensions of Latin Resources’ (LRS) neighbouring Cloud Nine deposit.
Drilling covered just five per cent of the tenement with initial drill-chip logging data
showing multiple significant intersections of white kaolinised granite up to 28 metres thick from depths as shallow as two metres.
The company said this shows continuity between the holes, with the wide-spaced drilling and the logged information suggesting mineralisation remains open in all directions.
Chairman Jerko Zuvela said he was pleased to have completed the program and the initial observations are exciting.
“This is a significant step for the potential scale and future development of our project — with upcoming lab analysis sample results used to delineate a JORC mineral resource. We look forward to progressing the development potential for a fast-track DSO operation at Burracoppin,” Mr Zuvela said.
Ragusa expects to receive assays during the next quarter which will then support a maiden JORC-compliant mineral resource estimate for the Burracoppin project.
RAS shares were trading steady at 8.5 cents at 1:21 pm AEST.