A single 600 m diamond hole (COB 10) has been drilled into the project, The angled hole was designed to pass under the earlier percussion hole COB 4 which contained 0.5% Ni over its total depth of 115m. to test for sulphide mineralization under the previously penetrated oxide zone at Mt Cobalt. A second vertical corehole (COB 11) will commence shortly designed to give a better recovery of the epithermal breccia hosted nickel mineralization.
December 31, 2006
Recent drilling at gold projects around Kilkivan concentrated on the historic workings at Long Tunnel and Oorts. Results were declining rapidly vertically and laterally into zones of gold with poor lead, zinc, copper and nickel mineralization.
June 30, 2006
Final drilling assay results were received for drilling completed at Peenam and Gibraltar prospects
during the last quarter. Results did not reveal ore grade intersections but continued to confirm large mineralized porphyry systems. The company planed 5 holes into the Ortts prospect in the next quarter. Drilling was also planed at the Dranes Gully.
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