Macro Metals (ASX:M4M) is set to begin a maiden reverse circulation drilling program at its Cane Bore Iron Ore Project in Western Australia, with a drill rig already on site.
The drilling has been designed to define the thickness of channel iron-type mineralisation at the Callisto prospect.
A comprehensive heritage survey is planned across the entire Callisto and Europa prospect late next month.
Technical Director Rob Jewson says the drilling will give the company a comprehensive understanding of the grade characteristics at depth.
“Moving forward, as soon as we have completed the heritage survey over the entire Callisto and Europa prospects in late July 2024, we will immediately drill both prospects on a 50m-by-50m spacing,” he says.
“We will provide regular updates in relation to the drilling results received. Once all the results are returned from the program, we will be aiming to release a maiden mineral resource estimation for the project.”
Meanwhile, Managing Director Simon Rushton says as drilling continues the company will gain a better understanding of the quality of potential iron ore products.
Macro Metals is an iron ore-focused company focused on its Cane Bore, Catho Well, and Goldsworthy projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Macro Metals
