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Fe Limited

Fe Limited set to benefit from copper gold drill program

The company has a 20% interest in the Forrest Project alongside Auris Minerals Ltd.

Forrest Project map
Assays from the drill program will be highly anticipated

Fe Limited’s (ASX:FEL)  partner Auris Minerals Ltd (ASX:AUR) has commenced a 7,500-metre aircore drilling program at the Forrest Project in the Bryah Basin of Western Australia.

The 140-150 hole program is targeting copper-gold mineralisation commencing at the Wodger prospect.

Drilling aims to test 6 kilometres of prospective strike between the Wodger and Big Billy prospects.

READ: Fe Limited a leading ASX gainer as shares increase 35%

Auris’ COO Mike Hendriks said: “We are very pleased to have commenced this aircore drilling program, as it is an important step towards establishing a much more detailed geological understanding of our exciting Forrest Project area.

“Following a detailed review of the recently completed geological interpretations of the Forrest Project area, the company now has a clear intention to systematically test the potential 6 kilometre strike identified between the Wodger and Big Billy Prospects and we look forward to providing updates on this program as first results are received.”

READ: Fe Limited confirms high-grade cobalt in trenching at flagship Kasombo project

Fe Limited’s flagship project is the Kasombo Copper-Cobalt Project in the Democratic Republic of Congo.

Recently, broad high-grade cobalt and copper results were received from trenching at Kasombo including 12 metres at 0.23% cobalt.

Sampling was completed from seven trenches for a total of 598 metres and 273 channel samples across the mineralised strata of cobalt-rich Kasombo 7.

Quick facts: Fe Limited

Price: $0.02

Market: ASX
Market Cap: $6.86 m
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