Ada Ann Drilling Yields 5m at 10.65 g/t Gold, Boosting Resource Potential

Exploration Success at Ada Ann

Forrestania Resources Limited (ASX – FRS) has announced encouraging results from its recent Phase 3 reverse circulation (RC) drilling campaign at the Ada Ann prospect, part of the Bonnie Vale Project near Coolgardie in Western Australia’s prolific Eastern Goldfields. The drilling program, comprising 12 holes totaling 1,252 metres, has confirmed high-grade gold mineralisation extending beyond the company’s maiden JORC (2012) Inferred Mineral Resource estimate of 231,600 tonnes at 1.67 grams per tonne (g/t) gold, equating to approximately 12,419 ounces.

Among the standout intercepts were a 5-metre section grading 10.65 g/t gold, including an exceptional 1-metre interval at 43.25 g/t, and a 12-metre interval at 1.77 g/t gold. These results not only validate the existing geological shear zone model but also demonstrate that mineralisation continues both down dip to the east and along strike to the south, suggesting the deposit’s footprint is larger than previously understood.

Strategic Implications and Next Steps

Chairman David Geraghty highlighted the significance of these findings, noting that the drilling has improved the company’s geological understanding and confirmed the presence of high-grade zones where expected. This strengthens Ada Ann’s growth profile and aligns with Forrestania’s broader strategy to build scale across the Bonnie Vale Project. The project benefits from extensive regional infrastructure, offering multiple processing options for a potential future mining operation.

Looking ahead, Forrestania has submitted a Program of Work (PoW) for Phase 4 drilling, which will focus on testing the mineralisation extensions to the south, north, and down dip along the east. This next phase aims to further delineate the resource and refine geological models, potentially underpinning an increase in the resource base.

Context Within Western Australia’s Gold Belt

The Ada Ann prospect sits within the Hampton Hill Formation, near a geological contact with the Black Flag Group, in a region known for shear-hosted gold deposits. The Bonnie Vale Project’s location near Coolgardie places it within one of Australia’s most productive gold provinces, with a rich history of exploration and mining. Forrestania’s focused exploration and systematic drilling approach are designed to unlock the full potential of this highly prospective belt.

While the current results are promising, it is important to note that the reported intercepts are down-hole lengths, and true widths remain to be confirmed through further drilling. Additionally, some historic data has gaps and variable quality, which the company is addressing through ongoing exploration and data validation.

Overall, Forrestania Resources’ latest drilling results at Ada Ann provide a compelling case for continued investment in exploration, with the potential to significantly enhance the project’s resource base and economic prospects.