The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • SI6 Metals (SI6) commences aircore (AC) drilling at its Monument gold project in the Laverton Tectonic Zone of Western Australia
  • The company aims to follow up on the success of its previous drilling at the North Well prospect, where it recovered broad zones of anomalous gold mineralisation
  • The program will test strike extensions at North Well and previously-sampled historic workings that returned up to 22.3 grams of gold per tonne from grab sampling
  • Drilling is expected to be completed by early November, with samples submitted to ALS Kalgoorlie and assay results expected thereafter
  • Shares in SI6 last traded at 0.5 cents on October 13

SI6 Metals (SI6) has commenced aircore (AC) drilling at its Monument gold project in the Laverton Tectonic Zone of Western Australia.

The company has planned to follow up on its previous drilling at the North Well prospect, where it recovered broad zones of anomalous gold mineralisation in the supergene.

The previous drilling indicated anomalous gold mineralisation occurring over a strike length of 1200 metres, with mineralisation remaining open in both directions.

The current program will aim to test strike extensions at North Well over a total length of 1700 metres as well as previously sampled historic workings on the trend that returned up to 22.3 grams per tonne (g/t) gold from grab sampling.

Additional targets being drill tested during this program include the Fred’s Well prospect, where grab and rock chip sampling of over 700 metres of strike length returned a number of samples ranging up to 39.3 g/t gold.

Also, drilling will also be undertaken along the strike extensions of the Korong Felsic
intrusion, where previous drilling intersected anomalous gold mineralisation along the contact between felsic intrusive and mafic volcanics.

Drilling is expected to be completed by early November, with samples submitted to ALS Kalgoorlie and assay results expected thereafter.

The company confirmed recent correspondence with the laboratory had indicated that previous long turnaround times had improved in recent weeks.

Shares in SI6 last traded at 0.5 cents on October 13.

SI6 by the numbers
More From The Market Online

Aspire Mining secures approval for Ovoot Coking Coal Project road in Mongolia

Aspire Mining (ASX:AKM) has announced the approval of the Detailed Environmental Impact Assessment (DEIA) for the…

Adore CEO steps down as revenues go up

Adore Beauty's chief executive officer is stepping down at the same time that the company's quarterly…
The Market Online Video

Market Update: ASX changes red outfit for more fashionable green

The ASX200 is trading up, around three quarters of a per cent with all sectors – barring staples – in the green.

Tempus picks up Canadian play in Storm (y) territory

Tempus Resources is set to acquire the Prescott Project in Canada, which it believes shares geological…