Commencement of Phase I RC Drilling at Lander West
First Development Resources plc has commenced its Phase I Reverse Circulation drilling program at the Lander West gold target within the Selta Project in the Northern Territory, aiming to test multiple high-priority targets identified through extensive exploration. This program is expected to comprise up to approximately 3,000 metres of drilling, with results to be released as they become available, marking a significant milestone for the company.
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First Development Resources plc ("FDR" or the "Company"), the Australian-focused exploration company, is pleased to announce the commencement of its Phase I Reverse Circulation ("RC") drilling programme at its flagship Lander West gold target within the Selta Project in the Northern Territory.
The Phase I programme has been designed to test multiple high-priority gold targets generated through the Company's systematic exploration programme, including geological mapping, geochemistry, airborne magnetics, Gradient Array Induced Polarisation ("GAIP") geophysics and target generation.
The programme is expected to comprise up to approximately 3,000 metres of RC drilling and will be completed in stages, allowing geological observations from the initial holes to inform subsequent targeting. The Company will provide further updates as the programme progresses and as results become available.
Tristan Pottas, Chief Executive Officer, commented:
"The commencement of drilling at Lander West marks an important milestone for the Company and represents the culmination of many months of systematic exploration, technical evaluation, planning and permitting. We now look forward to testing these compelling targets and providing shareholders with updates as the programme progresses."
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