Australian Critical Minerals (ASX:ACM) has received drilling permission at the northern concession of the Flint Project, the Gaya 103 concession, in Peru. This is the final regulatory clearance needed for the company to begin drilling.
Up to 10 are drillholes planned across the Flint claims. Drill pads have been approved and positioned directly over the core NSAMT resistive zone and will be used to validate the anomalies observed in previous modelling, which were interpreted as the core of a high-sulphidation gold-silver system.
Executive Chairman Dean de Largie is encouraged by the progress of the current survey, saying “the next few weeks will be important as we finalise the 3D inversion work, adjust drill platform positions and drill orientation and finalise drill program planning.
“It’s an exciting time for the company as we prepare to drill within one of the world’s great epithermal gold-silver belts, and we’re pleased to be working alongside globally recognised Southernrock Geophysics and the highly experienced Arce Geophysics team in Peru.”
The company is integrating all data into a 3D inversion model which will provide a detailed picture of the subsurface and will help to accurately define the position of the resistive anomalies.
Australian Critical Minerals will update the market in the next few weeks upon completion of the 3D inversion model which will guide the placement of the drill targets.
Australian Critical Minerals is an exploration company with a portfolio of precious and base metals projects in Peru and Western Australia.
Write to Amy Rotman at Mining.com.au
Images: Australian Critical Minerals
