Si6 has completed regional drilling targeting high-level felsic intrusives on its Monument gold project in Western Australia.
The inaugural 126-hole program totaling 4,198m is co-funded by the state government’s Exploration Incentive Scheme (EIS) which reimburses 50% of direct drilling costs up to a cap of $ 75,000.
Metals Si6 (ASX: SI6) noted that 50 of the holes intersected the targeted felsic intrusive rocks and that samples collected as part of the drilling program will undergo gold and multi-element assay analysis with end-of-hole samples analyzed for rock geochemistry whole in order to characterize the type of rock.
Monument already hosts a contained resource of 154,000 ounces of gold on the prospects of Korong and Waihi, both open in all directions
“It is an excellent result for Si6 to have quickly completed our first AC drilling program on intrusive regional syenite targets,” said Executive Chairman Patrick Holywell.
“The program was designed to focus on 60 high priority targets and it is a great result to see that over 50 of the 126 holes drilled intersected the high level felsic intrusives we were looking for.”
The company will have to wait at least three to four weeks before the first tests of the program are released, but it is certainly not standing still.
Results of polls started in September on the Dibete, Airstrip and Maibele North projects in Botswana to close previously defined targets and generate targets are imminent.
The audiofrequency magnetotelluric (AMT) survey has already proven capable of accurately mapping the existing sulphide mineralization at Maibele North while detecting several significant zones of anomaly under the known deposit that have not been tested by drilling.
These results will be followed by drilling, which coincides perfectly with the completion of the compressed air drilling at Monument.
Si6’s projects in Botswana are certainly intriguing given that Maibele has a current resource of 2.38 million tonnes grading 0.72% nickel, 0.21% copper and 0.63 grams per tonne of 4PGE + gold which remains open along strike and at depth as both the airstrip and Dibete have proven mineralization.
“This story was developed in conjunction with Si6 Metals, a Stockhead advertiser at the time of publication.
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