Gold miner to drill at nine sites west of Dunedin
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An Australian gold mining company will begin drilling for signs gold and precious minerals next year, after identifying "high-priority" targets, west of Dunedin.
ASX-listed New Age Exploration says following a number of soil sampling campaigns, geological mapping, and interpretation of geophysical data, nine high-priority drill targets have been identified at its Lammerlaw Project site.
“These drill targets are planned to test gold, arsenic, antimony, and tungsten anomalies in soil samples, structural trends from regional airborne geophysics and interpretation of historical mining data,” a company statement on the Australian stock market exchange says.
“Over the next six to eight weeks NAE will complete the final geochemistry work on samples, negotiate access and engage drill contractors.”
Drilling is planned for the first quarter of 2025.
"We are excited to announce the significant progress made at the Lammerlaw Project in New Zealand, where we’ve identified nine high-priority drill targets for gold and antimony exploration,” NAE Executive Director Joshua Wellisch said.
“The historical data combined with our recent geochemical surveys have revealed the potential for substantial high-grade mineralisation. The Lammerlaw Project offers a unique opportunity for NAE. “It has a 2km antimony strike, historically mined high-grade stibnite, and ongoing soil sampling indicating strong gold and tungsten anomalies.
“Our exploration strategy, which includes planned drilling in early 2025, positions NAE at the forefront of tapping into this high-value resource.”
Results from an additional 140 soil samples are pending, which will help refine and extend the drill targets, potentially unlocking more mineralised zones.
The Lammerlaw Project comprises four main prospects, Antimony, Bucks, Fulton’s and Bella. Each prospect has a historic legacy of mining and exploration dating back to the Nineteenth Century.
Main image (supplied/NAE): The suggested drill sites for gold exploration at Lammerlaw.
