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Home Investors ASX Announcements Three Ways Project: Drilling Underway
Three Ways Project: Drilling Underway
Drilling has commenced at the Three Ways project targeting high conductance targets identified from the recently completed Ground EM survey.
Modelling of data from the recent moving-loop, ground electromagnetic surveying (MLEM) has identified six separate high conductance plates which are untested by drilling (refer to Red Metal ASX announcement lodged 11 May 2021). The modelled plates returned high conductivity thickness values ranging from 6,000 to 30,000 siemens, which are typical of responses from accumulations of sulphides or highly graphitic bodies.
The first of the three targets to be drill tested has been heritage cleared with clearances on the other two targets scheduled to be completed by the end of the week.
This three hole program is funded by OZ Minerals (ASX: OZL) under the terms of the Greenfields Discovery Alliance and is expected to be completed by mid-July.