Rokeby Resources Begins Drilling at Sunnyside Deposit
Summary
Rokeby Resources Limited has commenced a nine-hole, 2,180-meter diamond drilling program at the Sunnyside Deposit, part of the Omeo Gold Project in north-east Victoria. This program aims to upgrade the historical resource estimate and explore high-grade mineralisation zones. The drilling is conducted by Tiger Tasman Minerals Limited in anticipation of Rokeby's acquisition of the Omeo Gold Project, which is still subject to conditions. Assay results from this drilling are expected within four to six weeks.
Investor Highlights
Extracted from the company announcement. This is not financial advice.
- Drilling program consists of nine holes for 2,180 meters.
- Historical estimate of 2.4 Mt at 4.02 g/t Au for 320,000 ounces of gold.
- Assay results expected in four to six weeks.
- Sunnyside Deposit is fully permitted and ready for drilling.
- Historical intercepts include 15.9m @ 52.3 g/t Au and 0.8m @ 238.5 g/t Au.
Key Points
- Nine-hole, 2,180m diamond drilling program started at Sunnyside Deposit.
- Drilling aims to upgrade historical resource estimate of 2.4 Mt at 4.02 g/t Au.
- Assay results expected in four to six weeks.
- Drilling conducted by Tiger Tasman Minerals Limited.
- Acquisition of Omeo Gold Project pending completion of conditions.
Key Changes Since Last Announcement
No direct comparison available from recent announcements.
Readability
Moderate Detail — The announcement includes technical details about drilling and resource estimates but is presented in a structured manner.
Sentiment
Positive — The announcement indicates progress with the commencement of drilling and potential resource upgrades.
Share Price Reaction
Following the announcement, the share price decreased by 25.0% in the following trading session.
- Price at announcement: $0.0040
- 1 day change: -25.00%
Share price data may be delayed.
Ask About This Announcement
Responses are generated from company announcement content and are not financial advice.
Mine Brief summaries are generated from company announcements and are provided for general information only. They are not financial advice. Investors should refer to the original announcements and seek professional advice where appropriate.
