Drilling Programme Completed at Peak Hills Project
Forgent plc has completed its Phase 1 drilling programme at the Peak Hills gold-copper project in Western Australia, which comprised 40 drill holes totalling approximately 2,680 metres. The programme utilized aircore and reverse circulation drilling techniques to test multiple high-priority targets and validate historic exploration results. A total of 1,587 samples have been submitted for assay, and the company will provide an update upon receiving and interpreting the results. Forgent holds a 51% interest in the 163 km² project, with an option to increase its ownership to 99%.
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Forgent plc (AIM: FORG), the technology-led energy transition company, is pleased to announce that it has successfully completed the Phase 1 drilling programme at the Company's Peak Hills gold-copper project in Western Australia.
As previously announced, the Phase 1 programme was designed to test multiple high-priority targets across the Karalundi, Junction and Curleys prospects. The programme has focused on validation of historic exploration results, extension of known mineralisation and evaluation of additional mineralised zones across the broader project area, to advance the Company's understanding of the gold-copper potential at Peak Hills.
The programme comprised 40 drill holes for a total of approximately 2,680 metres, with drill depths of up to 100 metres. A combination of aircore ("AC") and reverse circulation ("RC") drilling techniques was utilised, with RC drilling employed where hard ground conditions prevented effective aircore drilling. 1,587 samples, a combination of 3m composite and single metre samples from the drilling programme have been submitted to a Perth-based independent laboratory for assay. The Company will provide a further update once assay results have been received and interpreted.
About the Peak Hills Project
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