Avon Plains Drilling Yields Gold Intercept up to 1.26 g/t Over 1 Meter
Bubalus Resources has unveiled promising maiden drilling results from its Avon Plains Gold Project in Victoria, confirming a gold-bearing quartz reef system with potential for further exploration. The company now shifts focus to expanding this discovery and advancing its Wilson’s Hill Gold Project.
- Maiden 15-hole drilling program confirms gold mineralisation at Avon Plains
- Highest intercept of 1.26 g/t gold over 1 meter recorded
- Gold-bearing quartz reef system open along strike and at depth
- Further drilling planned to test extensions and geochemical anomalies
- Focus shifting to Wilson’s Hill Gold Project with previous high-grade results
Maiden Drilling Validates Avon Plains Gold Potential
Bubalus Resources Limited has reported encouraging results from its inaugural drilling program at the Avon Plains Gold Project, located in the heart of Victoria’s historic goldfields. The 15-hole reverse circulation (RC) drilling campaign targeted a northwest-trending quartz reef system, a style of mineralisation historically known in the region but previously underexplored at this site.
The drilling confirmed the presence of gold mineralisation with intercepts reaching up to 1.26 grams per tonne (g/t) over 1 meter. While the grades are modest, the significance lies in the confirmation of a mineralised system that remains open along strike and at depth, suggesting potential for further resource growth.
Strategic Next Steps in Exploration
Following these initial results, Bubalus Resources plans to intensify exploration efforts. The company intends to conduct deeper drilling to infill and extend the mineralised zones, aiming to delineate higher-grade areas within the northwest trending reef. Additionally, several untested geochemical anomalies along the trend will be drill tested, potentially unlocking new targets within the Avon Plains licence area.
These activities are part of a broader strategy to build on the reconnaissance success and move towards a more comprehensive understanding of the deposit’s size and grade distribution. The drilling program and assay results comply with the JORC Code 2012 standards, with quality control measures and verification by a competent person ensuring data integrity.
Parallel Focus on Wilson’s Hill Gold Project
In parallel, Bubalus Resources is preparing to commence exploration at its Wilson’s Hill Gold Project, also in Victoria. This project has previously yielded impressive results, including intercepts of up to 8 meters at 23.83 g/t gold, highlighting its high-grade potential. The company’s dual focus on Avon Plains and Wilson’s Hill underscores a balanced approach between expanding a newly confirmed system and advancing a project with established high-grade mineralisation.
Overall, Bubalus Resources is positioning itself to leverage its Victorian gold portfolio, which benefits from historical mining data and modern exploration techniques. The Avon Plains results mark a promising start, but the company acknowledges that further drilling and sampling will be critical to fully unlock the project’s value.
Bottom Line?
Bubalus Resources’ maiden drilling at Avon Plains sets the stage for deeper exploration and potential resource growth in Victoria’s goldfields.
Questions in the middle?
- Will further drilling at Avon Plains reveal higher-grade zones or larger mineralised volumes?
- How soon will Bubalus Resources commence and report results from the Wilson’s Hill Gold Project?
- What is the company’s timeline and budget for advancing Avon Plains towards a resource estimate?
