Monax completes drilling program at Mt Ringwood Gold Project

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Picture shows gold which was produced by crushing quartz vein samples collected from drill pads. Image credit: Monax Mining Limited

Monax Mining Limited announced that it has completed the drilling program at its Mt Ringwood Gold Project.

Picture shows gold which was produced by crushing quartz vein samples collected from drill pads. Image credit: Monax Mining Limited
Picture shows gold which was produced by crushing quartz vein samples collected from drill pads.
Image credit: Monax Mining Limited

The company completed nine holes totaling 564 metres, six of which were completed at the Great Northern area. Two of the holes were drilled at the Great Western prospect and one at the Star of the North area.

According to the company, the results of the drilling are expected within a few weeks.

“During the drilling program, an array of gold samples were discovered on drill pads and the Company very much looks forward to receiving the laboratory results within 2-3 weeks,” Monax told the ASX on Monday.

“There has been insufficient work to determine a Mineral Resource and it is uncertain whether further exploration will result in the determination of a Mineral Resource.”