High Priority AC Drilling Program A high priority ~2,000m AC drilling program has commenced with the aim to infill the spacing around KAC0091 to 100m centres in order to obtain an increased understanding of dispersion patterns and assist vector towards a potential sulphide source. A fence of AC holes will also be completed over the surface projection of the interpreted MLTEM conductor. The results of the AC drill program are expected in December 2020.
Phase 2 MLTEM Survey A second phase MLTEM survey has been designed over geophysical Targets 6, 8 and 10 (Figure 2). The MLTEM survey will be on a line spacing of 175-200m, station spacing of 100m with loop square layout of 300m. The Phase 2 MLTEM survey is expected to start in the December quarter, subject to crew availability. The MLTEM survey results will assist in the final design and location of the Exploration Incentive Scheme drill holes that are planned to be completed in HY1 2021.
CR1 Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
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