Forrestania Drilling Extends Gold Mineralisation at British Hill Project

The latest update is out from Forrestania Resources Limited ( (AU:FRS) ).

Forrestania Resources has completed its maiden drill program at the British Hill Gold Project, comprising 10 holes for 2,655 metres using reverse circulation drilling with diamond tails. Initial assays from the program have returned multiple high-grade gold intersections, supporting the geological model of quartz-vein hosted mineralisation in the Southern Cross–Forrestania Greenstone Belt.

The drilling confirms that gold mineralisation at British Hill extends down dip to the east and along strike to the north and south, indicating potential to expand the existing Mineral Resource Estimate. With further assay results pending and the project located on a granted mining lease close to a processing facility, the results strengthen the project’s development credentials and could enhance Forrestania’s growth prospects in the WA gold sector.

The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.

More about Forrestania Resources Limited

Forrestania Resources Limited is an Australian mineral exploration company focused on gold assets in Western Australia’s Yilgarn Mineral Field. The company’s British Hill Gold Project sits on a granted mining lease near existing processing infrastructure at Lake Johnston, positioning it to potentially advance discoveries toward development more efficiently.

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Technical Sentiment Signal: Buy

Current Market Cap: A$642.9M

For detailed information about FRS stock, go to TipRanks’ Stock Analysis page.