Neometals Ltd Announces Barrambie Diamond Drilling Results
Key points
- Assays received from two diamond drill holes at the Ironclad project
- Assay results include: 26ICRC005: 22.87m at 2.73g/t Au from 136.54m
- Extends the total strike length of the deposit out to approximately 450 meters
Full summary
Neometals Ltd (ASX: NMT) has reported promising results from diamond drilling at the Ironclad gold deposit within the Barrambie Gold and Copper Project in Western Australia. The drilling, completed from 24 September to 1 October 2026, aimed to extend the interpreted higher-grade mineralisation plunging north below the current Mineral Resource Estimate (MRE). Drill hole 26ICRC005 successfully intersected a 22.87-metre-wide interval of gold mineralisation at 2.73 g/t Au from 136.54m, extending the known mineralisation a further 50m to the north. Drill hole 26ICDD001, drilled to 212.44m, did not return significant gold grades but encountered intense shearing and alteration, suggesting proximity to the interpreted feeder structure. These results extend the total strike length of the deposit to approximately 450 meters, with significant high grades at the northern end of the deposit.
Outlook
The company sees further opportunity to grow the resource and is focusing on advancing Ironclad towards a development decision while evaluating the potential to extend the mine life.
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