Forrestania commits to further fieldwork at Bonnie Vale

Forrestania Resources (ASX:FRS) is eyeing further geochemical work across its Bonnie Vale Project in Western Australia, which the company believes holds regional exploration potential. 

Future work will be planned to infill and complement existing anomalous results with a view to further refine regional exploration targets for subsequent drilling. 

Forrestania has also today posted gold rock chip results from regional sampling and mapping to the north and south of the historical Christmas Gift mining centre, which sits within — but is not part of — the Bonnie Vale Project.

The results indicate gold grades up to 2.7 grams per tonne (g/t) and highlight zones of mineralisation close to Christmas Gift. They are also coincident with a magnetic low, a similar geophysical setting to Evolution Mining’s (ASX:EVN) Rayjax project to the north. 

Christmas Gift previously produced 2,500 tonnes of gold at a grade of 40.5g/t.

Previous results generated by Capricorn Resources (ASX:CMM) in 1997 returned gold grades up to 354 parts per billion (ppb) gold in close proximity to historical shafts and workings, and 270ppb gold west of Christmas Gift. 

Forrestania Chairman John Hannaford expects continuous growth at the Bonnie Vale area as the company continues with on-ground fieldwork and works through previous exploration data.  

“Significantly, these results are in a different area to the recently announced Ada Ann results, some 5km to the west, opening up a new target area around the bonanza grade, historic Christmas Gift mine,” Hannaford says.  

Forrestania Resources has a project portfolio comprising the Forrestania, Southern Cross, and Eastern Goldfields projects. 

The company also holds a 50% interest in the Hydra Lithium Project in Québec, Canada. ALX Resources (TSX-V:AL) holds the remaining 50% interest.  

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Images: Forrestania Resources
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.