- Si6 Metals (SI6) has completed aircore drilling at its Monument gold project in WA
- The phase two program targeted bulk tonnage and high-grade gold, specifically testing two felsic intrusions and three structural target areas
- Chairman Patrick Holywell says the initial findings are “promising” with prospective and ultramafic lithologies intersected at depth
- All samples have been sent off for assaying and the company expects final results in the next four to six weeks
- SI6 shares have fallen 17.7 per cent to trade at 0.7 cents at 1:01 pm AEST
Si6 Metals (SI6) has completed phase two drilling at its Monument gold project in Western Australia.
The aircore drilling program targeted bulk tonnage and high-grade structural gold in an area directly adjacent to and along strike of Dacian Gold’s (DCN) two million-ounce Mt Morgans project.
The program tested five prospects comprising two felsic intrusions and the Triton, North Well and Celia structural targets.
While assays are yet to be received, drilling intersected a variety of prospective lithologies with some end-of-hole depths exceeding 100 metres across the Celia tectonic lineament.
According to the company the deeper holes indicate deep weathering along the Celia structure which are “instrumental” to the development of Archaean Lode gold deposits.
Ultramafic lithologies were intersected from the Murrin Murrin domain which are highly prospective for nickel-cobalt laterite. Drilling also intersected felsic volcanics at the North Well and Aermotor target areas which are prospective for volcanic hosted massive sulphide mineralisation.
Chairman Patrick Holywell said the initial findings are “promising” and looks forward to updating shareholders.
“We are confident that turn around times on assay results will be expedited following discussions with the laboratory,” he said.
All samples have been sent off for assaying and the company expects final results in the next four to six weeks.
SI6 shares fell 17.7 per cent to trade at 0.7 cents at 1:01 pm AEST.