48 Holes Drilled and UAV Survey Completed at Laverton Gold Project
Rincon Resources has completed a comprehensive air-core drilling program and a detailed UAV magnetic survey at its Laverton Gold Project, uncovering new geological features that could reshape exploration plans. Assay results are pending, setting the stage for further drilling.
- 48 air-core drillholes completed over 2,874 metres targeting historic gold anomalies
- Gold mineralisation linked to de-magnetised Banded Iron Formation, extension of Gladiator host unit
- UAV magnetic survey reveals previously unrecognised structural features
- Assay results awaited to guide next phase of drilling
- Further targeted surveys and heritage assessments planned
Exploration Progress at Laverton
Rincon Resources Limited has announced the completion of a significant exploration milestone at its Laverton Gold Project in Western Australia. The company drilled 48 air-core holes totalling 2,874 metres across two key target areas identified from historical data and recent soil geochemical sampling. These targets are associated with gold mineralisation linked to a de-magnetised Banded Iron Formation (BIF), interpreted as the southern strike extension of the Gladiator Gold Deposits’ host rock.
Modern Techniques Illuminate New Geological Features
Complementing the drilling, Rincon conducted a detailed UAV (drone) magnetic survey over three zones within the project area. This high-resolution survey uncovered previously unrecognised structural features, enhancing the geological understanding of the region. Such insights are crucial in refining exploration models and targeting future drill programs more effectively.
Awaiting Assay Results to Define Next Steps
While the drilling program is complete, assay results are still pending. These results will be pivotal in confirming the presence and extent of gold mineralisation. Rincon’s technical director, Michael Griffiths, emphasised the value of integrating modern geophysical data with deeper drilling, contrasting it with earlier shallow vacuum drilling methods from the 1980s. The company plans to reassess drill targets based on assay outcomes and conduct heritage surveys where necessary before embarking on a second stage of drilling in 2025.
Strategic Implications for Rincon and the Laverton Region
The Laverton Gold Project’s proximity to historic mines and the Gladiator Gold Deposits positions it as a promising exploration asset. Rincon’s methodical approach, combining advanced UAV magnetic surveys with targeted drilling, reflects a broader industry trend towards leveraging technology to unlock underexplored regions. The discovery of new structural features could indicate untapped mineralisation zones, potentially enhancing the project’s value proposition.
Looking Ahead
Rincon’s next moves hinge on the assay data, which will inform the prioritisation of drill targets and the scope of further geophysical surveys. The company’s commitment to systematic exploration and integration of diverse datasets underscores its ambition to delineate economic gold resources in the Eastern Goldfields. Investors and analysts will be watching closely as assay results and subsequent drilling programs unfold.
Bottom Line?
Rincon’s integration of modern UAV surveys with targeted drilling at Laverton sets the stage for a potentially transformative exploration phase once assay results arrive.
Questions in the middle?
- What do the pending assay results reveal about gold grades and continuity?
- How will the newly identified structural features influence future drilling targets?
- What is the timeline and scope for the planned Stage 2 drilling program?
