Chief executive of Ironridge Resources Limited (LON:IRR) Vincent Mascolo tells Proactive he has “high hopes” for the May Queen gold prospect in Queensland, Australia.
Ironridge kicked off a new ten-hole drilling programme this week to verify historical drill data that previously indicated high grades.
Mascolo said May Queen was a “very unique opportunity with very significant grades,” but he remains sensibly cautious, adding the small drilling programme was just “baby steps”.
“Once we confirm the data, then we will really see just how lucrative it is,” he says.