- Nine-hole, 2,180m diamond drilling program underway
- Connection to Rokeby’s proposed acquisition of Omeo gold project
- Project underpinned by a historical high-grade gold estimate
- Sunnyside hosts outstanding historical intercepts
Rokeby Resources (ASX: RKB) has kicked off drilling to confirm the potential of the proposed acquisition of Omeo gold project in Victoria.
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The nine-hole, 2,180m diamond drilling program at the Sunnyside deposit, within the high-grade Omeo gold project in the north-east of the state.
The drilling program has been commenced by Tiger Tasman in anticipation of the completion of Rokeby’s acquisition of Omeol with the acquisition remains subject to satisfaction of the conditions precedent.
The program is designed to upgrade the current historical estimate of 2.4 million tonnes (Mt) at 4.02 grams per tonne (g/t) for 320,000 ounces of gold.
Drilling will test down plunge extensions of known high-grade mineralisation zones defined by historical drilling.
The company is also aiming obtain an improved definition within the resource envelope, while testing beneath and along strike from previously intersected shoots.
MD, Richard Beazley, said Sunnyside represents one of the most advanced and highest priority targets within the Mt Wills area.
“The commencement of drilling at Sunnyside is an exciting development in connection with our proposed acquisition of the Omeo gold project, a unique and high-grade gold asset,” he said.
“We have taken a disciplined and measured approach throughout this process, which gives us strong conviction in both the quality and scale of this opportunity.
“As a result, we are well-prepared for execution of our initial drilling program at Omeo, with the foundations in place to move efficiently and at pace. The rapid commencement of drilling reflects not only our confidence in the asset but also our readiness to unlock its value.”
Mr Beazley said Rokeby’s in-house technical expertise is working to ensure the company can leverage its existing technical capability to ensure efficient integration and capital deployment.
“Drilling is underway at Sunnyside for the first time in 13 years, and the program is designed to validate one of Victoria’s most compelling high-grade gold opportunities and deliver the data required for a resource estimate in accordance with JORC (2012) later this year. I look forward to providing further updates as drilling progresses.”
RKB is steady 0.5¢. Mkt cap $9.132M.
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