GOLD RUSH IN EASTERN GOLDFIELDS

Historic Drill Spoils at Ada Ann Reveal High-Grade Gold

Forrestania Resources Limited (ASX:FRS) has recently shared exciting findings from its exploration activities within the Eastern Goldfields region, focusing on the Ada Ann and Bonnie Vale North projects. The company’s exploration teams have unearthed significant gold grades from grab samples at Ada Ann, a site brimming with previously undocumented, historical drill spoils. Among these findings, standout grab sample results include an eye-catching 49.0g/t Au, along with other notable samples of 15.7g/t Au and 13.5g/t Au.

In addition to these remarkable grab sample results, Forrestania Resources has compiled compelling historical drill results from the Ada Ann site. These include:

  • AA04: 7 meters at 5.01 g/t Au starting from 4 meters, with an additional 1 meter at 4.75g/t Au from 24 meters.
  • AA45: 12 meters at 2.68g/t Au commencing at 8 meters.
  • AA49: 2 meters at 8.08g/t Au beginning from 14 meters.
  • Prior disclosed results also highlighted AA28 with 4 meters at 12.80g/t Au from 25 meters, and BR19 with 16 meters at 2.64g/t Au starting from 24 meters.

Ada Ann’s proximity to Evolution Mining’s 5.3Moz Mungari operation, only about 8km away, underscores the strategic significance of these findings. Furthermore, the nearby Bonnie Vale North project also shows promise with open zones of gold mineralization reflected in historic drilling results such as 3 meters at 2.03g/t Au from 77 meters in drill hole KSRC002.

In response to these promising developments, Forrestania Resources’ Chairman, John Hannaford, shared his optimism:

The Company is very encouraged by these highly significant gold results after a more thorough review of previous work at Ada Ann and follow up site visits, confirming a second prospective zone with high-grade grab samples from historic drilling spoils. The developing gold story at this project can be quickly advanced to a potentially valuable asset for the Company given the very favourable location nearby of several active mills and excellent logistics, with a haul road immediately adjacent to the project area.

Read the full announcement

Goldman

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