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Drilling

G11 Resources Limited Provides Update on Exploration Activities at Koonenberry Project

Strategic Insights

— 1 min read

G11 Resources Limited, a gold exploration company, has issued a news release providing an update on its exploration activities at the Koonenberry Project in New South Wales, Australia. Despite delays due to a severe wet weather event, the company has made significant progress in its Wilandra Central drill program, with four holes completed for over 2,224 meters of drilling. The program has successfully intersected significant sulphide mineralisation, including a notable intercept in a hole at the Wilandra Central area, which is 400 meters below previously identified mineralisation.

Key Takeaways:

  • The Wilandra Central drill program has completed four holes for a total of 2,224 meters of drilling, with 639m RC and 1,585m DD.
  • The step-out drill program at Wilandra Central has intersected over 14m of stringer to massive sulphide mineralisation in GR24RCD002.
  • The dominant sulphide species in this interval are pyrite and pyrrhotite, with variable concentrations of chalcopyrite and sphalerite.
  • The intercept in GR24RCD002 is approximately 400m below mineralised drill intercepts previously demonstrated in the Peveril lode.
  • Downhole Electromagnetic (DHEM) surveys will be conducted on all holes to provide further confidence in the continuity of the mineralisation.
  • Priority drill programs are set to commence within two weeks at the Black Hills and Cymbric Vale Cu prospects.
  • A fauna survey has been completed over the two drill areas at Cymbric Vale, and results are pending.
  • The company has committed to operating to the highest possible environmental standards.

Statistics:

  • 2,224 meters of drilling completed in the Wilandra Central drill program.
  • 639m RC and 1,585m DD drilling consists of four holes.
  • 14m of sulphide mineralisation intercepted in GR24RCD002.
  • 400m below mineralised drill intercepts previously demonstrated in the Peveril lode.
  • Two weeks until priority drill programs commence at the Black Hills and Cymbric Vale Cu prospects.

Sources:

  • G11 Resources Limited. (2023). News Release: G11 Resources Limited Provides Update on Exploration Activities at Koonenberry Project.

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