Premier1 Lithium (ASX:PLC) has completed phase one of the Yalgoo reverse circulation drilling program with the drill rig demobilised from site on 31 March 2025.
The program was designed to test exploration targets from recent mapping and sampling as well as historical drilling and assess the high-grade gold potential of the Yalgoo project area.
Managing Director Jason Froud says it’s a key milestone in the company’s systematic exploration strategy.
Froud says the identification of multiple “high-grade” gold anomalies through recent mapping and geochemistry highlights the potential of this highly prospective area.
The drilling program comprised 27 holes for a total of 3,126m across the broader Wadgingarra area targeting structural extensions to the known gold mineralisation at Olive Queen, Crescent, and Carlise prospects but also new exploration areas at Crescent East and west of Olive Queen.
These new prospect areas were defined by recent geochemical sampling and high-resolution drone magnetic surveying.
All holes have been geologically logged and sampled on 1m intervals for gold analysis.
Multi-element analysis will be completed on selected sample intervals based on pXRF analysis for cost and time efficiencies to improve the understanding of alteration and gold pathfinders for future exploration. The first batch of samples has been submitted with gold assay results expected within four weeks.
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Images: Premier1
