An initial wide spaced Reverse Circulation (RC) drilling program to commence at the North Dam Project this month. • Drilling will target four areas of the tenement for Lithium, Niobium and Rare Earths, with 20 holes planned for 2,500m. • Land Access agreements and regulatory approvals are in place. • Drill pads and access tracks established. CuFe Ltd (ASX: CUF) (CuFe or the Company) is pleased to announce it has finalised arrangements for mobilisation of equipment to commence RC drilling at the North Dam Project (E15/1495), located 41km south east of Coolgardie. This is the maiden critical minerals drill program to be undertaken across the North Dam Tenement.
Experienced drilling contractor Challenge Drilling has been appointed to undertake the drill program, comprising approximately 2,500m of RC drilling. Challenge Drilling is a Kalgoorlie based drilling services company which specialises in RC mineral exploration and drilling and has recent experience drilling in the immediate area. The equipment and team are planned to mobilise to site this week and the current program estimated to be completed over a two-week period.
North Dam exploration results to date have generated multiple exciting targets that will be drill tested in the Company’s maiden RC drilling program across 5 target areas (See Figure 2). The program commences in the North East of the project areas, following the LCT pegmatite trends supported by recent soil surveys and geochemical analysis. Results from the drilling program will be analysed and assay results are expected to be received during October 2024
CUF Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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