Pinnacle Minerals (ASX:PIM) has secured approval for a 93-hole, 2,000m aircore drilling program to begin on 20 May at the Capel Mineral Sands Project in Western Australia.
The campaign is designed to test two mineralised trends, namely the older deflected shoreline and a younger shoreline that maintains a consistent northeasterly trend in historic drill results.
Pinnacle says drilling will also aim to define an ilmenite dominated heavy mineral resource with associated zircon and rutile, from which a concept study will be launched to determine the path to development.
Managing Director Nic Matich says the project presents an “exciting” and low-capital intensity brownfield exploration asset.
The Capel project was previously held by Tronox (NYSE:TROX). Tronox is a globally, vertically integrated producer of titanium dioxide and inorganic chemicals.
Pinnacle believes there is potential for defining cohesive mineralisation at a more local scale, sufficient for delineating a material resource within the tenement.
Write to Aaliyah Rogan at Mining.com.au
Images: Pinnacle Minerals
