- Forrestania Resources (FRS) secures a drill rig for the next round of drilling at its namesake project in Western Australia
- Around 5000 metres of reverse circulation drilling is planned to test targets across the Giant Pegmatite, South Iron Cap East, Gemcutter, and Bounty East prospects
- The company has engaged Topdrill to carry out the fresh bout of lithium work, which is scheduled to begin next week
- Chairman and Interim CEO John Hannaford says FRS is excited to begin this round of drilling in what has been a “watershed moment” in its “short history”
- Forrestania last traded at 16 cents on January 17
Forrestania Resources (FRS) has secured a drill rig for the next round of drilling at its namesake project in Western Australia.
The company has engaged Topdrill to carry out the fresh lithium drilling, which is scheduled to begin next week.
Around 5000 metres of reverse circulation drilling is planned to test lithium targets across the Giant Pegmatite, South Iron Cap East, Gemcutter, and Bounty East prospects.
Chairman and Interim Chief Executive Officer, John Hannaford said the company was excited to begin this round of work in what was a “watershed moment” in its “short history”.
“Each of these targets has the potential to host a company defining lithium project.
“With regional infrastructure and processing options even a modest discovery can be very profitably developed,” Mr Hannaford said.
At Giant Pegmatite, drilling will target extensions of a previous discovery of 34 metres at 3.1 per cent lithium oxide from 68 metres.
Meanwhile, drilling at South Iron Cap East will test an anomalous tantalum in soil zone over 2.5 kilometres long with a pegmatite outcrop.
The company’s first bout of drilling tested the Gem Mine and now, FRS will test below here at Gemcutter for extensions to historic pegmatite and lithium intercepts.
At the fourth prospect, Bounty East, drilling will be carried out across the major tantalum anomaly zone, targeting deeper mineralisation on a drill line which has not previously been drilled.
Forrestania shares last traded at 16 cents on January 17.