Albright Metals (ASX:ABR) has unveiled a mineral resource estimate (MRE) for the Vail Road gold deposit in Canada, totalling 188,000 tonnes at 9 grams per tonne gold for 54,200 contained ounces.
The MRE includes an initial indicated category portion of 33,500 tonnes @ 20.9g/t gold for 22,500 contained ounces.
Albright says this higher resource category provides a basis for technical and economic studies on the project. The company will now accelerate a development pathway for Vail Road through a Scoping Study.
CEO Greg Hill says the extensive work completed over the past 12 months has culminated in this outcome.
“Having a significant portion of the resource in the indicated category paves the way for the company to develop the Vail Road high-grade gold deposit,” Hill says.
Additional drilling at the deposit will target infill drilling at Vail Road to optimise a potential narrow, high-grade underground production scenario as part of the upcoming Scoping Study. Drill holes will also test additional zones for potential high-grade gold within the Main Zone.
Metallurgical test work will also be undertaken to assess the processability of the mineralisation.
Albright targets further growth
Across other prospects within the Golden Pike Project, Albright plans to undertake additional drilling to grow its gold MRE inventory. These prospects include Bond Road and Albright Brook.
Golden Pike is located in south-central New Brunswick, Canada, comprising 146 contiguous mineral claims covering 3,292 hectares.
New Brunswick is a region known for its stable regulatory environment and established mining industry. Golden Pike is considered prospective for gold and antimony, offering exposure to a combination of strategic commodities.
The project sits within a broader mineralised district, where historical exploration has demonstrated the presence of gold-bearing systems. Despite this, large areas remain underexplored, providing scope for new discoveries.
Albright Metals is a mineral explorer headquartered in Perth. The company has a strategic portfolio of projects across Australia and Canada.
Write to Aaliyah Rogan at Mining.com.au
Main image: Albright Metals
