Everest Metals Corporation Ltd (ASX:EMC) Commences 6,000m Aircore Drilling at Revere Gold Project
Drilling Campaign Initiated
Everest Metals Corporation Ltd (ASX:EMC) has commenced a 6,000-meter regional Aircore drilling program at its Revere Gold Project in Western Australia. The campaign focuses on testing the continuity of the Revere Reef mineralised systems along a potential 7km strike length.
Program Details and Timeline
The drilling program includes 10 drill fence lines spaced 400–800m apart with dense 10m hole spacings, aiming to a depth of 18-30m. Drilling is expected to be completed by mid-April 2025, with assay results anticipated by the end of May 2025. Concurrently, the bulk sampling processing program is ongoing, with the second pit excavated and crushing operations set to commence immediately.
Future Resource Estimate
EMC is progressing an initial JORC Mineral Resource Estimate (MRE) for the Revere project, which is on track for delivery in late Q2 2025. This estimate aims to quantify the gold mineralisation based on the ongoing drilling and bulk sampling results.
Executive Comments
CEO Mark Caruso stated, “Our 6,000 meter planned Aircore drilling program will test the continuity on strike of approximately 7km of Revere Reef System. The current drilling exploration program has systematically been designed in conjunction with the ongoing results of the bulk sampling program and the Company is hopeful it will result in unlocking further targets beyond the 700 metre of outcropping at surface and depth of the Revere Reef quartz gold systems. In addition, the drilling program in conjunction with the bulk sampling program is anticipated to deliver a maiden JORC compliance resource.”
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