DeSoto Resources (ASX:DES) reports drilling is ongoing at the at the Fenton Gold Project in the Northern Territory with 5 holes planned and a steady stream of results expected in the coming weeks and months.
High resolution AEM (Airborne Electro-Magnetic) survey is on track to begin in early October.
The program will infill an existing regional scale Rum Jungle TEMPEST survey over the gold endowed Fenton Shear Zone corridor.
The company says the first hole has now been completed and the second hole started with over 1,000m of diamond drilling (DD) completed to date at Fenton since mid-August.
More than 250 core samples have been cut and submitted to North Australia Laboratories in Pine Creek, for gold and multi-element analysis with results pending.
The targeted Fenton Shear Zone (FSZ) is believed to have been intersected with a number of shears and faults noted during core logging. In addition, zones of chloritic and potassic alteration containing sulphides such as pyrite, pyrrhotite, ±chalcopyrite and arsenopyrite and have also been observed.
DeSoto says intervals of pegmatitic granites will be analysed for battery mineral potential.
At Fenton, a historical gold discovery was made by Homestake Mining in the mid-1990s which intersected 20m @ 1.74g/t Au (FEND18).
Write to Adam Orlando at Mining.com.au
