Introduction to Forrestania Resources Limited
Forrestania Resources Limited (ASX:FRS) has announced the 1m results from the second phase of drilling at the Ada Ann prospect at the Bonnie Vale Project, located near Coolgardie in Western Australia’s prolific Eastern Goldfields. The company is pleased to confirm high-grade results, including multiple intersections of gold mineralization.
Highlights of the Drilling Results
The key highlights from the drilling results include:
- AARC0029: 7m @ 4.3g/t Au (from 72m), including 1m @ 25.6g/t Au
- AARC0028: 3m @ 7.8g/t Au (from 74m), including 1m @ 22.2g/t Au
- AARC0024: 3m @ 5.9g/t Au (from 82m), including 1m @ 16g/t Au and 2m @ 3.6g/t Au (from 70m)
These results demonstrate the potential for high-grade gold mineralization at the Ada Ann prospect.
Extension of Mineralization Footprint
The mineralization footprint has been extended approximately 60m south and 30m north of the historic mineralization. The mineralization remains open at depth and along strike in both directions, with the strike of Au mineralization increased to approximately 310m. This extension indicates that there is still significant potential for further discovery.
Significant Results from Phase 1 Drilling
Significant results from the phase 1 drilling at Ada Ann include:
- AARC0002: 2m @ 10.7g/t Au (from 62m), including 1m @ 21g/t Au
- AARC0006: 7m @ 2.1g/t Au (from 34m), including 1m @ 7.3g/t Au
- AARC0020: 6m @ 1.6g/t Au (from 62m), including 1m @ 5.8g/t Au
These results, combined with the phase 2 results, demonstrate the consistency and potential of the Ada Ann prospect.
Historic Drilling Results
Historic drilling results from Ada Ann, which were previously released, include:
- AA28: 4m @ 12.8g/t Au (from 25m)
- BR19: 16m @ 2.6g/t Au (from 24m)
- AA05: 6m @ 6.5g/t Au (from 16m)
These historic results further support the high-grade potential of the area.
Company Commentary
Forrestania Resources’ Chairman, John Hannaford, commented on the significance of the results, stating, "These 1m results from Ada Ann are highly significant, with grades up to 26g/t Au, underlining the high-grade potential of the system. Pleasingly, we are seeing some thickening of the mineralised zones at depth. The drill programme extended the known mineralised zones to the north and south and the prospect continues to remain open in all directions. We look forward to coming back to drilling at the Bonnie Vale project later in the year."
Location and Geological Context
The Bonnie Vale Project, which includes the Ada Ann prospect, is located in close proximity to major gold mines and deposits in Western Australia’s Eastern Goldfields. This region is known for its prolific gold production and potential for further discoveries. The project’s location near established mining operations, such as the Mungari mine, highlights its strategic value.
Conclusion
The recent drilling results from the Ada Ann prospect at the Bonnie Vale Project are significant, indicating high-grade gold mineralization and the potential for further discoveries. With the mineralization footprint extended and remaining open in all directions, Forrestania Resources Limited is well-positioned for continued exploration success.
