Anova Metals (ASX:AWV) reports a reverse circulation (RC) drilling program at the Windinne Well gold deposit, as part of the Golden Dragon Project is making ‘strong’ progress, with 4,116m of drilling completed as of 30 January.
The initial 10,000m drilling program, which is being funded by Western Australia-based company DC Mines, is being undertaken through Q1 2023 within an area that is planned to be an extension of the free milling Baron gold deposit located on the eastern side of the project area.
The first batch of samples are reported to have already been dispatched to the lab, indicating the program is on schedule to deliver first assay results during this current quarter as planned.
drilling is being conducted to advance the company’s planned acquisition of DC Mines which is scheduled to be completed by mid-February
Anova Metals adds the drilling is being conducted to advance the company’s planned acquisition of DC Mines which is scheduled to be completed by mid-February. Approval of this acquisition was granted by Anova shareholders at a General Meeting held on 30 January 2023.
The company also notes post completion of drilling, the current RC rig will remain at Golden Dragon while a second RC rig is mobilised and deployed to the nearby Fields Find Project during March. This rig will focus on drilling both gold and base metal targets across the Fields Find tenure.
It is reported this dual focus on gold and base metals targets at Fields Find demonstrates the company’s approach across the tenure, with base metal potential being aggressively pursued alongside the targeting of primary gold deposits.
With drilling still ongoing, it is reported completion of the planned acquisition of DC Mines is subject to due process by the Australian Securities Exchange (ASX) and the Australian Securities and Investments Commission (ASIC).
Anova Metals is an ASX-listed gold exploration company working to acquire DC Mines, and by extension its Golden Dragon and Fields Find projects located in Western Australia. The company also holds the Big Springs Project within its exploration arsenal, which is located in Nevada, US within a highly established mining district, and boasts ‘world-class’ scale potential.
Images: Anova Metals Ltd
