- White Cliff Minerals (WCN) shares have slipped after half of its reverse circulation drills failed to intersect a sheer zone at Reedy South Gold as planned
- The explorer revealed three out of six drills undertaken at the Western Australian project in March “could not maintain their dip” and missed the Reedy Sheer Zone target
- As a result, the company advised it is evaluating diamond tails for reverse circulation holes west of the zone to target the zones missed
- In some respite for White Cliff, the remaining three drills were executed as planned and confirmed deeper mineralisation up to a depth of roughly 180 metres downhole
- White Cliff Minerals shares are down 26.9 per cent trading at 1.9 cents
White Cliff Minerals (WCN) shares have slipped after half of its reverse circulation drills failed to intersect a sheer zone at Reedy South Gold as planned.
Company shares dropped off 26 per cent after it revealed three out of six reverse circulation drill holes completed at its Reedy South project in Western Australia in March failed to intersect the Reedy Sheer Zone.
According to White Cliff, the drills which were aimed to reach 180 metres to 140 metres downhole but “could not maintain their dip.”
As a result, the company advised it is evaluating diamond tails for reverse circulation holes west of the zone to target the zones missed.
White Cliff’s Technical Director Ed Mead said the holes could potentially be used for wedge diamond drill holes to provide more control on targeting prospective high-grade shoots that characterise the zone.
In some respite for the company, the remaining three drills were executed as planned and confirmed deeper mineralisation up to a depth of roughly 180 metres downhole.
Notable results returned 12 metres at 1.8g/t gold from 160 metres, four metres at 0.7g/t gold from 183 metres and eight metres at 0.68g/t gold from 152 metres.
White Cliff Minerals shares are down 26.9 per cent trading at 1.9 cents at 11:07 am AEST.