Tribune Resources Revamps EKJV Report with High-Grade Gold Insights
Tribune Resources has replaced its initial FY2026 Q1 EKJV exploration report with a more detailed version, revealing promising high-grade gold assay results and enhanced compliance disclosures.
- 671 metres of drilling completed at Sadler prospect targeting resource growth
- 1,054 metres of diamond drilling planned for next quarter
- High-grade gold intercepts reported at Ambition prospect
- JORC 2012 compliance and Competent Person statement included
- Visual estimates removed to align with ASX reporting standards
Updated Exploration Report Enhances Transparency
Tribune Resources Limited (ASX – TBR) has withdrawn its previous East Kundana Joint Venture (EKJV) FY2026 Quarter 1 exploration report and replaced it with a comprehensive update. This revised report incorporates additional disclosures aligned with the JORC 2012 Code, including detailed cut-off grade information and a Competent Person statement, ensuring full compliance with ASX Listing Rule 5.22. Notably, all visual estimates have been removed, reflecting a commitment to rigorous, quantitative reporting standards.
Drilling Activity Focused on Sadler and Ambition Prospects
During the quarter, the EKJV completed 671 metres of diamond drilling at the Sadler prospect, located within the Raleigh tenement. This drilling aims to test potential extensions of known mineralisation beyond the current underground mining area, targeting resource growth. While no assay results were returned this quarter, a further 1,054 metres of diamond drilling is scheduled for completion in the next quarter, which will be critical in informing future resource modelling and exploration strategies.
At the Ambition prospect, no new drilling was undertaken this quarter. However, assay results from the previous drilling campaign were received and reviewed, revealing several high-grade gold intercepts. Highlights include intercepts such as 0.6 metres at 15.09 grams per tonne (g/t) gold and 0.68 metres at 8.31 g/t gold, indicating the presence of a promising high-grade, southward-plunging mineralised zone. These results are expected to guide the next phase of exploration planning at Ambition.
Technical Rigor and Compliance
The report provides extensive detail on sampling techniques, drilling methods, and quality assurance protocols. Both reverse circulation and diamond drilling methods were employed, with rigorous sample preparation and assay procedures conducted by accredited laboratories. The inclusion of a Competent Person statement by Bradley Daddow, a qualified geoscientist from Evolution Mining Limited, adds credibility and transparency to the reported results.
Geological logging and data verification processes are described in depth, highlighting the company's adherence to industry best practices. Drill hole locations have been precisely surveyed, and data spacing is sufficient to support mineral resource estimation. The report also clarifies that no adjustments or calibrations have been made to assay data, ensuring the integrity of the results.
Looking Ahead
Tribune Resources plans to continue its drilling program at Sadler with the upcoming 1,054 metres of diamond drilling, which will be pivotal in confirming resource extensions and refining geological models. At Ambition, the integration of recent assay results into updated resource models will inform targeted drilling to delineate the high-grade zones further. These efforts underscore the EKJV partners’ commitment to advancing exploration and unlocking value within this prolific gold region.
Bottom Line?
Tribune’s enhanced EKJV report sets the stage for critical assay results and resource updates in the coming quarters.
Questions in the middle?
- When will assay results from the ongoing Sadler drilling be released?
- How might the new high-grade intercepts at Ambition impact overall resource estimates?
- What are the implications of removing visual estimates on investor confidence and valuation?
