USD $4,111.97
Goldman Up to 2,500 metres of RC drilling is targeted to begin in the December quarter
ACDC Metals Limited (ASX:ADC) has contracted FTE Drilling USA for its maiden drilling campaign at the Mount Jackson Gold-Silver Project in Nevada.
The company is permitting about 15 holes across the Pegasus and 3 Shaft zones, with up to 2,500 metres of reverse-circulation drilling targeted to begin in the fourth quarter of 2026, subject to approvals and site works.
At Pegasus, the program is designed to test extensions to known gold-silver mineralisation. The 3 Shaft zone has not previously been drilled and will test targets near historical workings.
KLM Geoscience has also been engaged to complete a 12-line-kilometre controlled-source audio magnetotellurics survey across the two target areas. That work is expected to start in September and will be used to refine the proposed drill locations.
Environmental permitting is under way with the US Bureau of Land Management. ACDC said existing access roads and previously cleared drill pads are expected to reduce site works, bonding and reclamation costs.
ACDC Metals chief executive Tom Davidson:
It’s pleasing to confirm contracts are now signed for the next stage of our geophysical survey program and for a maiden drill campaign before year-end. The CSAMT program starts in September and will provide the team with better information to refine and prioritise drill targets.
FTE Drilling brings extensive experience in the region. Our maiden program will build on the historical results reported on 30 April 2026. The program will aim to confirm previous mineralisation, test extents, and hopefully validate our understanding of the system.
The announcement today is an important step as we look to execute our field program and ramp up news flow on our Mount Jackson Project.
