Future Battery Minerals (ASX:FBM) has been left “really excited” after phase one assays from its Miriam Project near Coolgardie came in thick and high-grade, while significantly extending mineralisation and opening up potential in multiple directions.
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“These assays from Forest [a prospective gold occurrence at Miriam] have really exceeded all our expectations,” Future Battery’s chief executive Nick Rathjen told HotCopper in a Watchlist interview this week.
“We’ve achieved three main milestones. First, the interim results significantly exceeded our thickness and grade expectations across the shallow oxide zones,” Mr Rathjen said, adding they were “really excited” about the standout result; 29 metres at 1.56 grams per tonne from 35 metres down hole.
“Secondly, the extending of known gold loads [is great], particularly to the west, where there’s a substantial step change versus the historical results.
And finally, FBM is celebrating the discovery of a new primary fresh load in the southwest extension, with 12 metres at 1.56g/t gold, from 75m down hole. This “highlights that there’s still significant upside potential,” Mr Rathjen explained.
Another eleven holes from Canyon are pending for the company, too; HotCopper understands they’ll come in before the end of September.
FBM shares have been +34% this week, and as much as +94% YTD.
You can watch the full HotCopper Watchlist interview with Mr Rathjen above.
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