RC Drilling Restart at High-Grade Wagtail Gold Deposit
| Stock | SSH Group Ltd (SSH.ASX) |
|---|---|
| Release Time | 6 Jan 2026, 9:18 a.m. |
| Price Sensitive | Yes |
RC Drilling Restart at High-Grade Wagtail Gold Deposit
- RC drilling at the high-grade Wagtail gold deposit to recommence in January 2026
- Visible gold observed in earlier drilling consistent with known style of mineralisation
- ~3,000m infill program designed to deliver key geological, grade and metallurgical information
High-Tech Metals Ltd (ASX: HTM) is pleased to announce that reverse circulation ('RC') drilling at its high-grade Wagtail gold deposit is scheduled to recommence in the week beginning Monday, 12 January 2026, following the Christmas shutdown. The planned ~3,000 metre infill drilling program is designed to test known high-grade mineralised zones within the existing Wagtail deposit. The program is expected to deliver key geological, grade and metallurgical information to support ongoing resource and development studies. Drilling completed prior to the Christmas break intersected multiple zones of visible gold associated with sulfide-bearing quartz veins, consistent with historically reported coarse, high-grade mineralisation at Wagtail. The drilling program is being managed and funded by SSH Mining Australia Pty Ltd ('SSH'), a subsidiary of SSH Group Ltd (ASX: SSH), under the Mining Agreement announced in September 2025. Wagtail hosts a JORC (2012) Mineral Resource of 14,600 ounces at 7.11 g/t Au located on a granted mining lease. The deposit benefits from established access and infrastructure, together with proximity to several operating processing facilities within trucking distance via existing road networks, providing a clear pathway to near-term development. Scoping and pre-feasibility studies are underway across the Mt Fisher and Wagtail deposits to assess development options, refine project parameters and support progression toward potential mining decisions.
The Company remains focused on rapidly advancing near-term production opportunities on existing mining leases to establish early cash flow, creating a self-funded pathway for high-impact exploration targeting world-class gold discoveries across one of Western Australia's last under-explored greenstone belts.