Major expansion of gold anomalies ahead of imminent drilling at the Basin Creek Project, NSW
New soil anomalies indicate a large continuous gold system over +3.5km at Main Ridge Prospect
HIGHLIGHTS
• New geochemical sampling has further enhanced the prospectivity of the Main Ridge Gold Prospect, part of the 100%-owned Basin Creek Project in NSW.
• New soil geochemistry results indicate a large-scale, unbroken system of gold anomalies which now stretches the full +3.5km length of the Main Ridge Prospect.
• These gold anomalies are located in the same areas where strongly altered +1g/t Au rock chip results were previously recorded, reinforcing the potential for a large epithermal or high-level porphyry gold system.
• The upcoming drilling program is being expanded to test these new targets, with a Reverse Circulation and diamond drill rig scheduled to arrive next week.
• The scale of these anomalies further enhances the prospectivity of the project and demonstrates the broader gold potential of the Lachlan Fold Belt region.
-- some notes
Tim Goyder and a couple of directors has been buying recently before this announcement which is encouraging
Took a starter pack about a couple of months back when I found they had pegged ground near the Julimar project owned by Chalice. But it looks like the main game is in NSW.
I haven't had time to put an order here through strawman as it promptly rallied past my buy price.