ASX newcomer Askari Metals hopes to get cracking on a reconnaissance exploration program at its “heavily under-explored” Springdale copper-gold project in NSW during the current quarter after receiving formal approval of its exploration licence application. The Perth-based company is looking to start mapping and sampling soon and shortly get an induced polarisation survey under way that is aimed at pinpointing potential copper-gold drill targets.
Askari Metals is on the verge of kicking off a maiden round of reverse circulation drilling at its flagship Burracoppin gold project in WA. The company has now finalised plans for the initial 2,000m program and will be looking to follow up on a slew of historical high-grade drill results and vector in on gold mineralisation below a line of old artisanal mining shafts.
Askari Metals has undertaken an initial field reconnaissance program at its Burracoppin gold project about 20km east of Merredin in WA's eastern Wheatbelt region prior to its planned inaugural reverse circulation drilling program kicking off next week. The company says during the reconnaissance work several old shallow artisanal mining shafts that are prevalent along an interpreted strike length of about 1.6km were given a once-over.
New ASX listing Askari Metals has secured a drilling contractor to undertake a maiden reverse circulation drilling program at its Burracoppin gold project in Western Australia. Planned drilling is designed to test several high-grade historical results and artisanal workings. The company is cashed up after recently raising close to $6 million as part of its initial public offering.
Askari Metals has successfully listed on the ASX, hitting the boards at an impressive 25 per cent premium to its 20c offer price. The company has raised close to $6 million as part of its initial public offering and has already locked in a drill rig to begin testing its highly prospective suite of copper and gold projects in Western Australia.
Askari Metals has closed up 12 per cent on its first day of trading, as the company gets ready to explore a handful of copper and gold projects in WA and NSW.
