PriceSensitive

SI6 Metals (ASX:SI6) commences aircore drilling at the Monument gold project, WA

ASX News, Mining
ASX:SI6      MCAP $9.475M
14 October 2022 10:58 (AEST)

This browser does not support the video element.

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.

Related News