- Altan Rio Minerals (AMO) is preparing to start a Reverse Circulation (RC) drilling program at the historic Pilot Mine
- The mine is located in the Southern Cross Greenstone Belt in Western Australia
- The program is aimed at further expanding the gold discovery at the historic mine
- Drilling will cover approximately 1,500 metres and is expected to be completed mid-December with assay results to follow
- Altan Rio Minerals is unchanged, trading at $0.12 at 12:52 pm ET
Altan Rio Minerals (AMO) is preparing to start a Reverse Circulation (RC) drilling program at the historic Pilot Mine.
The mine is located in the Southern Cross Greenstone Belt in Western Australia.
The program is aimed at further expanding the gold discovery at the historic mine.
The drilling program is expected to start shortly and test targets immediately below the existing Pilot mine.
Drilling will cover approximately 1,500 metres and is expected to be completed mid-December with assay results to follow.
Phase 5 of the drilling program is scheduled for January 2022.
The program will target high-grade intercepts located immediately below the shallow open-pit gold mine previously operated between 1992-1993.
Historical gold production has been recorded at Pilot and Altan’s high conviction targets hold strong promise to deliver quality results to investors over a short period of time.
“It is an exciting time for Altan Rio and we are delighted to get underway with this highly anticipated RC drilling campaign to test targets beneath Pilot located in the heart of a world-class mining district. Pilot holds great potential to extend the current resource as well as potential for near-term cashflow to fund significant drilling of the entire shear zone from Southern Cross in the south to Bullfinch to the north. I look forward to updating shareholders on the assay results from this first phase of drilling once they come to hand,” said Altan Rio CEO Paul Stephen.
Altan Rio Minerals is unchanged, trading at $0.12 at 12:52 pm ET.