logo-loader
viewArrow Minerals Ltd

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.

Quick facts: Arrow Minerals Ltd

Price: 0.007 AUD

ASX:AMD
Market: ASX
Market Cap: $6.71 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Arrow Minerals Ltd named herein, including the promotion by the Company of Arrow Minerals Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Arrow Minerals drilling extends gold discovery at Divole West

Arrow Minerals Ltd (ASX:AMD) chief executive officer Howard Golden updates Proactive on results from the maiden drilling program at Divole West exploration permit in western Burkina Faso. Previous results from December 2019 are now confirmed to be part of the larger Dassa gold...

on 23/1/20

2 min read