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Accelerate Resources Ltd. ( (AU:AX8) ) just unveiled an update.
Accelerate Resources has commenced a 1,500m aircore drilling program at the Fluffy Prospect within its Balagundi Gold Project in Western Australia, marking the first drilling at this target in more than 30 years. The program aims to test extensions of a gold-bearing contact beneath shallow cover, following up historic intercepts and high-grade rock chips that indicate strong prospectivity.
New drill targets have been generated from recent geophysical and geochemical work, highlighting largely untested corridors along the Catrock porphyritic dolerite contact. By using aircore drilling to efficiently probe these shallow, underexplored zones, the company is seeking to validate Fluffy as a significant lode-style gold system, which could enhance the strategic value of the broader Balagundi project for shareholders.
More about Accelerate Resources Ltd.
Accelerate Resources Ltd. is an Australian mineral exploration company focused on gold projects in Western Australia. The company’s flagship interests include the Balagundi Gold Project, located about 15km east of Kalgoorlie in a highly endowed gold district, near major operations such as Northern Star’s Kanowna Belle mine and the KCGM Super Pit.
Technical Sentiment Signal: Sell
Current Market Cap: A$7.08M
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