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Rincon Resources (ASX:RCR) has completed a weeklong site visit by management at its Laverton gold project in Western Australia to “pin down priority targets” – with a particular focus on a historic RAB drill hole that returned four metres at 17.96 grams per tonne of gold from 20 metres depth.
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Also helping to guide the targeting was soil sampling done in December 2024 which picked up 18 gold anomalies, yielding 3 x Priority-1, 5 x Priority-2 and 1 x Priority-3 targets which are all untested by drilling.
The site visit will be followed up by a drone magnetic survey, which will focus on providing greater structural control over the areas chosen for exploration.
Technical Director Mike Griffiths said the territory held by Rincon in the Eastern Goldfields – and the projects around it – made exploration plans additionally exciting.
“The company considers that there is considerable gold potential on our Laverton tenement package, which basically sits within a 50km ring surrounded by several multi-million-ounce deposits such as Mt Morgans, Wallaby, Sunrise Dam, Lancefield and Apollo Hills,” the company’s technical director said.
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“Some of the historic drilling at today’s gold price environment are excellent and must be now followed up – gold grades such as four metres at 17.96 grams per tonne from 20 metres; five metres at 0.78 grams per tonne 25 metres; and five metres at 0.85 grams per tonne from 97 metres.”
“Several 5m composite samples returning +0.1g/t intercepts have also been identified.”
RCR has been trading at 1.2 cents early in Week 16.
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