Rincon Resources Limited Provides Exploration Update on Telfer South Gold Project and Laverton Gold Project

Strategic Insights -

Rincon Resources Limited has released an exploration update on its Telfer South Gold Project and Laverton Gold Project. The company has completed a 14-hole, 1,350-meter Reverse Circulation (RC) drill program at the Telfer South Gold Project, designed to define strike extensions to gold mineralization. The drilling results will be used to update the maiden Mineral Resource Estimate (MRE) for the Hasties Main deposit. Meanwhile, the company has also completed air-core drilling at the Laverton Gold Project, testing two areas with anomalous results from previous drilling. The drilling has provided valuable information for the next phase of work, including the identification of the southern extension of a Banded Iron Formation (BIF) sequence.

Key Takeaways:

  • Rincon Resources Limited has completed a 14-hole, 1,350-meter Reverse Circulation (RC) drill program at the Telfer South Gold Project to define strike extensions to gold mineralization.
  • The drilling was designed to test the Hasties Main structure over 600 meters of potential strike length, compared to the original confined 200 meters of strike that defined the previous MRE.
  • The Harties Main deposit has a structurally complex setting with strong brecciation and crosscut by several different directions of regional and local faulting.
  • The drilling at the Laverton Gold Project was designed to test two specific areas with anomalous results from previous drilling.
  • A total of 32 air-core drillholes were completed at Area 1, which followed up on a gold trend extending over 800 meters of strike defined by historical RAB and AC drilling.
  • Drilling at Area 2 encountered a range of lithologies, including BIF, felsic volcaniclastics, meta-sediments, and mafic rocks, and identified the interpretted southern extension of a BIF sequence associated with the Gladiator Gold Deposits.
  • The drilling results will be used to update the maiden MRE for the Hasties Main deposit and will inform the planning of the next stage of drilling.
  • The company will action the 2025 Stage 2 drill program, initiate a revised MRE, and implement a Mobile MT Geophysical survey.

Statistics:

  • 14 holes, 1,350 meters of drilling completed at the Telfer South Gold Project
  • 32 air-core drillholes completed at Area 1 of the Laverton Gold Project
  • 16 air-core drillholes completed at Area 2 of the Laverton Gold Project
  • 800 meters of strike covered by the gold trend at Area 1 of the Laverton Gold Project
  • 250 meters of strike covered by the gold trend at Area 2 of the Laverton Gold Project
  • 2025 Stage 2 drill program to be actioned
  • Maiden MRE to be updated for the Hasties Main deposit

Sources:

  • Rincon Resources Limited ASX: RCR news release
  • Telfer South Gold Project Mineral Resource Estimate (MRE) announced in February 2025 (Source: Rincon Resources Limited)
  • UAV (Drone) magnetic survey3 (Source: Rincon Resources Limited)
  • Historic RAB and AC drilling results (Source: Rincon Resources Limited)