Proactive Investors - Run By Investors For Investors

Greenpower Energy spuds geothermal test hole in Western Australia

Greenpower Energy spuds geothermal test hole in Western Australia

Greenpower Energy (ASX: GPP) has spudded a geothermal hole to test a radiogenic granite target in the Esperance Region of Western Australia for hot dry rock (HDR) geothermal energy generation potential.

The Mt Ridley-1 hole is expected to take about 20 days to drill to a planned total depth of 400 metres and complete.

Core will be cut below surface sediments and a suite of down hole geophysical logs run at the completion of the drill hole.

Mt Ridley-1 is the first of two drill holes to be drilled on GEP 38 and GEP 39, which extend from the coast at Esperance northward to Salmon Gums.

Preliminary qualitative analysis of the tenements suggests at least one granite body with strong thermal potential. Interpretation of available imagery indicates a granite body in the Mt Ridley area with a north east to south west strike and a north westerly dip.

Dry steam geothermal power can be produced by steam from reservoirs of hot water found when drilling to at least a few kilometres underneath the Earth’s surface.

Greenpower had $1.34 million in cash as of 31 December 2012 and had in June last year secured a government co-funded drilling grant of $120,000 for the current drilling program.

This grant is being provided on a dollar for dollar basis under the Western Australian Royalties for Regions funded, Exploration Incentive Scheme.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

View full GPP profile View Profile

Greenpower Energy Ltd Timeline

June 20 2017
January 23 2017
December 02 2016

Related Articles

A drill rig
January 18 2019
The Finniss lease also hosts the Grants deposit, which will host the project's first mine.
Drilling activity at Kharmagtai Copper-Gold Project in Mongolia
January 14 2019
The now validated data and mineral resource update will be used in an upcoming scoping study.
March 13 2019
The company also has three porphyry related projects in British Columbia in Canada

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use