GIB gibb river diamonds limited

Ann: Drilling to commence at Iroquis

  1. 7,795 Posts.
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    INITIAL DRILLING TO COMMENCE THIS WEEK AT IROQUOIS BASE METALS PROJECT IN EARAHEEDY BASIN

    • Recent work at Iroquois has delineated a new, coherent geological model for the mineralised system, suggesting potential for a much larger footprint of Cu-Zn-Ag-Pb mineralisation than initially thought

    • A minimum of three diamond holes will be drilled at Iroquois as part of an initial pre-IPO program

    • The holes are targeting the as-yet-untested ‘feeder structure’ to the Zn-Pb mineralisation, which is anticipated to also be enriched in copper and silver

    • This drilling, along with a subsequent seismic survey, will provide crucial information for targeting additional feeder structures within the wider project area post-IPO

    (80% Strickland; 20% Gibb River Diamonds Ltd (ASX:GIB)
 
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Last
4.2¢
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Mkt cap ! $9.009M
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