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Accelerate Resources Ltd

Accelerate Resources working on 'some of the most prospective geology in the world'

Accelerate Resources (ASX:AX8) executive director Andrew Haythorpe updates Proactive Investors on the progress of three diamond holes being drilled in the Thomas Creek cobalt-copper-gold prospect at the company's flagship Mount Read Project in Western Tasmania.

"That'll give us the information and the basis to then have a deeper look in terms of doing a down-hole EM probe and survey. And in the meantime the drill rig will go to the north to the Henrietta [cobalt-nickel-copper] prospect, which we've got some ground crews on now," says Haythorpe. There is a second target to the north of Mount Read with a working name of Young Henry that will also be drilled in due course.

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Price: $0.04

Market: ASX
Market Cap: $2.05 m
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Accelerate Resources 'seeing the smoking gun, continuing search to find the...

Accelerate Resources Ltd (ASX:AX8) executive director Andrew Haythorpe catches up with Proactive Investors on the Mount Read Project in Tasmania, where a second phase drill program is underway.  "In all of the drilling that we've done so far we've found strong indications of...

on 15/11/18

2 min read