Forrestania Resources (ASX:FRS) has completed an iron ore-focused reverse circulation drilling program at the Koolyanobbing Iron Project.
The drilling program comprised nine holes for 687m, aiming to test the potential for iron ore mineralisation in close proximity to Mineral Resources’ (ASX:MIN) Koolyanobbing Mine.
Forrestania Resources reports the best results intersected includes 2m @ 44.6% iron, with logged banded iron formation, hematite, and goethite at a depth of 101m.
Interim CEO John Hannaford says the project contained several large untested iron ore targets.
“Forrestania signed an option to acquire the project, committing to a modest drill program to test the main targets, with heritage approvals and programs of works largely in place over several iron targets,” Hannaford says.
“The drill program tested some of the targets in collaboration with vendors’ representatives, and results are encouraging over the northwest target, however need further investigation.
“Given the close proximity of this target to the MinRes Koolyanobbing Mine, the company plans to further assess these results and refine targets with geophysics and other information ahead of a possible further drill program.”
The company intends to refine the drill targets at the NW prospect, in addition to reviewing other targets in the south of the project area.
Forrestania Resources is a diversified mineral explorer focused on discovering lithium, gold, and nickel in several regions across Western Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Forrestania Resources
