Belararox (ASX:BRX) has expanded its total landholding by 300% in conjunction with a recently started drilling program within the prospective’ Lachlan Fold Belt in New South Wales.
The company says it has been granted tenements ELA6287 and ELA6176, which increase its total land holding within the Lachlan Fold Belt to about 600km-square.
Belararox notes it has also started a phase two 3,600m diamond drilling (DD) program at its Belara and Native Bee Volcanogenic Massive Sulphide (VMS) deposit in central NSW.
Drilling is being undertaken at the project in order to build upon the recently announced inferred resources, as well as determine the potential of the Belara and Native Bee project to host commercial quantities of mineralisation.
The company notes drilling will target mineralisation at Native Bee that is open along strike to the south and open at depth, as well as mineralisation at Belara which is open along strike to the north and down-dip of previously identified ‘high-grade’ mineralisation.
Drilling is expected to take around 3 months to complete with final assays expected 28 days after the end of the drilling.
Addressing the start of phase two drilling, Belararox Managing Director Arvind Misra says: “The commencement of the phase two drill campaign at the Belara/Native Bee project sees us transition to the next phase of our exploration activities for this highly prospective asset. It comes hot on the heels of recently completed gravity and gradient IP surveys undertaken at the project.
With an initial maiden Mineral Resource Estimate (MRE) at Belara and Native Bee already in place, the phase two campaign is all about growing this defined resource and targeting open mineralisation at both prospects and assessing the mineralisation trend south of the old Native Bee mine, with the intent of enhancing the Belara Project’s economic viability.
“The commencement of the phase two drill campaign at the Belara/Native Bee project sees us transition to the next phase of our exploration activities for this highly prospective asset”
We expect to wrap up the phase two drill program in the June 2023 quarter, with initial results announced to the market once received.
While Belara is a major focus, our team has also set in motion plans to test the prospectivity of the WA-based Bullabulling asset, where exploration planning is underway to test for LCT pegmatite potential.”
In addition, it is reported tenements ELA6287, EL9523, ELA6176, and EL9538 were granted on 7 February 2023 for 5 years.
Meanwhile, Belararox announces a planned airborne geophysical survey over portions of the 20km of structural corridor south of Belara and Native Bee has been planned, in order to prioritise targets for follow-up exploration.
With drilling now underway, Belararox reports it will move forward with exploration work at the Bullabulling Project to test for lithium-caesium-tantalum (LCT) prospectivity.
Belararox is an ASX-listed company focused on securing and developing resources to meet the surge in demand from the technology, battery, and renewable energy markets. The company’s exploration assets include the potential for zinc, copper, gold, silver, nickel, lithium, and lead resources.
The Belara project is located within the Lachlan Fold Belt of NSW and covers a total land area of 643km-square, with Belararox owning 100% of all associated tenements. The project currently boasts a maiden MRE of 5 million tonnes (Mt) @ 3.41% zinc equivalent (Zn-Eq), including 1.82% zinc, 0.33% copper, 0.63% lead, 17.5g/t silver, and 0.21g/t gold.
Images: Belararox Ltd
