Multi commodity explorer Monax Mining Limited has commenced its maiden drilling program at the Mt Ringwood Gold Project.
In an ASX Announcement issued on Friday, the company said that it expects drilling to be completed within one week.
“Monax will drill ten holes at the Great Northern, Great Western and Star of the North Leases,” the company said.
“Drilling is aimed at following up on highly encouraging rock chip results. Drilling should be completed within one week and results are expected approximately three weeks following completion of drilling.”
Adertisement
Mt Ringwood, located in the Northern Territory, was acquired by Monax back in October 2015. The company was granted Government approvals for its maiden drilling program two weeks ago.
