Gold Drilling Underway at Lander West
Phase I Stage II RC drilling commenced at Lander West Gold Project targeting 2,000 metres to test extensions to bedrock gold mineralisation.
- Stage I gold mineralisation 7 metres at 0.40 g/t gold from 50 metres
- Stage I high-grade intersection 2 metres at 0.98 g/t gold in hole 26LWR08
- Phase I Stage II drilling target approximately 2,000 metres
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First Development Resources plc (AIM: FDR), the Australia-focused exploration company, is pleased to confirm that Phase I, Stage II reverse circulation (“RC”) drilling has commenced at its Lander West Gold Project in Australia’s Northern Territory.
The fully funded programme is targeting approximately 2,000 metres of drilling to follow up the gold mineralisation intersected during Stage I at Red Handed and test additional priority targets. The final programme will be guided by field observations, with flexibility to adjust hole locations and depths as drilling progresses.
Stage I confirmed gold mineralisation in bedrock, including 7 metres at 0.40 g/t gold from 50 metres, including 2 metres at 0.98 g/t gold in hole 26LWR08. Stage II will test extensions along strike and down dip, seeking higher grades, greater mineralised thickness and evidence of continuity.
Tristan Pottas, Chief Executive Officer of FDR, commented:
“Drilling is now underway at Lander West. Having confirmed gold in bedrock during Stage I, we are taking the next step: testing how far that mineralisation extends and whether it strengthens.
Our targeting draws on the drilling results alongside geological, geochemical and geophysical data. I will be joining the team on site to assist with operational activities and look forward to keeping shareholders updated as the programme progresses.”
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