Forgent plc (LSE:FORG) has completed the first component of its Phase II drilling programme at the 99%-owned Peak Hill Gold-Copper Project in Western Australia, with the drilling rig now moved to the Cathedral prospect.
The company completed 18 holes totalling 710 metres at the Curley’s prospect. The drilling was designed to test the continuity and extent of previously identified mineralisation, with samples now being submitted for assay.
Drilling has subsequently moved to Cathedral, a large target situated between the Curley’s and Junction prospects that has not previously been drilled.
Forgent plans to drill 112 holes at Cathedral as part of the wider Phase II programme, which comprises 130 holes for approximately 8,700 metres across the project.
According to the company, Cathedral represents the principal discovery target of the current drilling phase. Results from the programme will provide additional geological information on the target and the broader Peak Hill project.
More about Forgent plc
Forgent plc is an Australian-focused explorer targeting gold, copper and nickel assets. Its portfolio includes the 99%-owned Peak Hill Gold-Copper Project, an option over the Mount Sholl nickel-copper-PGE project and the Green Rocks copper-gold project.
The company’s exploration strategy focuses on advancing projects with existing mineralisation and historical geological data through further exploration and drilling.
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