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Classic Minerals undertakes initial drill program at Forrestania gold project

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Classic Minerals undertakes initial drill program at Forrestania gold project

Classic Minerals Ltd. has started the phase one drill program at the company's Forrestania gold project in Western Australia, it said May 31.

The program is expected to comprise 3,000 meters of reverse circulation and diamond drilling, and will target high-grade depth extensions at the Lady Ada and Lady Magdalene prospects.

The drill program will help the company gather a deeper understanding of mineralization at the project and will identify additional high-priority drill targets.

The program is slated to complete in 35 days, with first assay results expected to be received by late June.

Additionally, the company has lodged a program of works with the Western Australian Department of Mines that seek approval for 150 additional drill holes.

Meanwhile, Classic anticipates it will close the Doherty gold project sale for A$1.2 million by early June, which will provide it with funding flexibility.