Genesis Minerals has commenced a RC drilling program at its Ulysses Gold Project near Leonora to test an extensive, coherent gold anomaly located immediately east of the existing 151,000oz Ulysses Gold Deposit.
According to the company, the Ulysses East RC drill program will comprise approximately 2,500m of drilling and will consist of 10 fences of drilling at 100 to 200m spacings to test the anomaly over its entire strike length of 1.3km.
“As part of the drilling, a nickel-cobalt anomaly identified in recent aircore drilling will also be tested on the southern margin of the main Ulysses East anomaly,” Genesis told the ASX.
“A new aircore drilling program will also commence towards the end of February to test strike-parallel targets to the main mineralised trend.”
Following the aircore and RC drilling at Ulysses, Genesis will turn its attention to the highly prospective Viking Gold Project near Norseman to test a series of highly prospective targets. This exploration program is expected to commence in March.
The company’s Managing Director Michael Fowler said the combined exploration programs will ensure strong and consistent news-flow for Genesis over the coming months as it works to unlock the value of these highly prospective projects.
“The aircore results from Ulysses East last year were very pleasing and we are looking forward to seeing the results of this pivotal program of RC drilling across the newly defined targets,” he added.
“If we are able to establish additional open pittable resources at Ulysses East, this will enable us to consider immediate follow-up campaign mining operations using the same model as we have successfully executed at Ulysses West.”