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Segue Resources commences drilling as shares rise further

Shares in Segue are up 35% over the past month, currently trading at $0.05.

Map of western australia with regions marked
The majority of the drilling will focus on new targets

Segue Resources (ASX:SEG) has commenced its 7,000-metre second phase of drilling at the Barlee Gold Project located in the Eastern Goldfields of Western Australia.

The second phase reverse circulation drilling will include 5,500 metres at the T6, T8 and T11 prospects, which will be the first significant gold drilling ever undertaken at these targets.

The remaining 1,500 metres of drilling will be infill and step-out drilling at the T2 prospect, which was tested successfully in the recent maiden drill program.

Drilling in the first drilling program at Barlee identified a 1.2x0.35 kilometre gold anomaly at T2 open to the north and south.

The drilling program is anticipated to be completed by the end of October with assay results received by the end of November.

T6, T8 and T11 targets

A total of 5,500 metres of reverse circulation drilling at the three prospects will target gold anomalies defined from previous soil sampling combined with structural and geological interpretation.

Drilling at T6 will consist of shallow reverse circulation holes testing three geological anomalies that suggest the potential for mineralisation.

Drilling at T8 will consist of two reverse circulation fence lines of 120 metre deep holes which will test a structure with a 1.4x0.35 kilometre wide gold anomaly.

T2’s golden corridor

The success of the maiden drilling program outlined earlier this month will also be followed up in the second phase of drilling.

The first pass drilling at T2 was completed in two parts, an aircore and reverse circulation program.

The aircore program delineated a 1.2x0.35 kilometre mineralised corridor, which remains open along strike to the north and south.

The deeper reverse circulation fence lines resulting in confirming fresh rock mineralisation including 48 metres at 0.67 g/t gold from 27 metres depth.

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