Key points
- Assays from five RC drill holes at Ironclad show significant gold mineralisation
- Deepest hole stopped due to water ingress but plans to complete with diamond drilling
- Notable intersections include 12m at 5.99g/t Au from 116m in hole 26ICRC004
Full summary
Neometals Ltd has reported assay results from five reverse circulation drill holes at the Ironclad project within the Barrambie Gold Project in Western Australia. The assays indicate significant gold mineralisation, with notable intersections such as 12m at 5.99g/t Au from 116m in hole 26ICRC004. The deepest hole, 26ICRC005, was discontinued due to water ingress but plans are in place to complete it with diamond drilling in September. The results support the interpretation of a high-grade plunging corridor that may improve at depth. A ground gravity survey has identified a potential feeder structure, guiding future drilling. Neometals plans to extend the deepest hole and drill a further 50m down plunge towards the interpreted feeder structure.
Outlook
Neometals is encouraged by the assay results and plans to extend drilling to explore the potential high-grade mineralisation further.