Ark Mines (ASX:AHK) has unveiled aggressive Queensland, Australia exploration plans for early 2022.
The company will test the highly prospective Mount Jesse Iron rich magnetite skarn with copper mineralisation early in the new year.
It then aims to drill the Gunnawarra Nickel project immediately following completion of Mt Jesse programme
Executive Director, Ben Emery, said Ark plans to carry out a shallow drilling programme targeting the Southwest trending magnetic anomaly targeting the Jesse Iron Formation.
Further to this Ark will undertake some infill sampling around anomalous copper zones, detailed geophysical interpretation, and undertake a first-pass drilling programme across the copper target.
“Ark is now well capitalised with over A$4.5 million of available funds which provide us with the necessary financial flexibility to add much great value to our two priority projects – Mt Jesse and Gunnawarra,” Mr Emery said
“Both have exceptional prospectivity for high- demand battery minerals such as copper and nickel, with Mt Jesse also having the potential to be a quality Direct Shipping Ore iron ore project. Ark is very well placed and the Board is committed to deploying the vast majority of funds to exploration and project development activities.”
Drilling Rationale – Gunnawarra
Ark plans to carry out follow-up soil sampling and undertake a shallow RC drilling program along strike of the Bell Creek resource, and on other targets within the license. A component of the drilling will focus on the basement rocks for potential sulphide mineralisation.
Further Advances – Pluton
Further to the drilling programs to be undertaken at Mt Jesse and Gunnawarra, the Ark technical team will be reviewing the Pluton Gold project with a view of determining targets to drill later in the season.
For further information please visit: https://www.arkmines.com/
