Key points
- No significant assays from 45m interval of RC drillhole 26RCRC006 due to water ingress
- Diamond drill tail planned for September to test the T2 DDIP target
- Routine analysis for copper, gold, and silver ongoing
- Detailed magnetic survey and soil geochemistry program planned
Full summary
Neometals Ltd (ASX: NMT) has reported no significant assay results from a 45m interval of reverse circulation drill hole 26RCRC006 at the Rinaldi T2 target, which was discontinued approximately 50m short of the target depth due to water ingress. The 45 samples from 78m to 124m end-of-hole were prioritized for accelerated assay based on visual identification of broad pyrite and associated quartz veining, with one individual meter identifying chalcopyrite. Routine analysis for copper, gold, and silver of the remaining samples from 0m to 78m from 26RCRC006 and gold analysis of 662 meters from five RC drill holes drilled at Ironclad will be reported once received, compiled, validated, and interpreted in accordance with the Company's standard reporting processes. A diamond drill tail is planned to test the T2 DDIP target in September 2026. A detailed magnetic survey is planned to commence this week, and a soil geochemistry program is being designed to verify and confirm potentially anomalous historic soils geochemistry over and adjacent to the T2 DDIP target.