Exploration drill results expand Gold & Base Metal targets
| Stock | Red Hill Minerals Ltd (RHI.ASX) |
|---|---|
| Release Time | 13 Jan 2025, 8:20 a.m. |
| Price Sensitive | Yes |
Exploration drill results expand Gold & Base Metal targets
- Elevated gold and base metal intercepts received from multiple targets
- Follow up extension drilling planned at Barkley Gold and Elwood Zinc targets
- Successful Round 30 Exploration Incentive Scheme (EIS) grant to cover drilling costs
Red Hill Minerals Limited (ASX: RHI) has announced the results of its recently completed drilling program, with 28 RC drillholes completed for 5,538 metres drilled at the Barkley Gold, Kens Bore Gold, S-Bend/Elwood, Bloodwood and Dereks Bore targets. The best results include 2m at 4.3 grams per tonne gold from 79m and 1m at 3.0 grams per tonne gold from 87m at the Barkley Gold target, 2m at 3.5% copper from 260m at the Kens Bore Gold target, and 6m at 2.0% zinc from 93m including 1m at 7.5% zinc from 94m at the Elwood target. The company plans to conduct follow up extension drilling at several of these key targets, including Barkley Gold and Elwood Zinc, in the first half of 2025. Additionally, the company has been awarded a successful Round 30 Exploration Incentive Scheme (EIS) grant, which will cover up to $180,000 of the drilling costs at the Barkley Gold target.
Red Hill Minerals is planning follow up extension drilling at several key targets, including Barkley Gold and Elwood Zinc, in the first half of 2025. The company is also assessing further work requirements at the Bloodwood and Dereks Bore targets.