With the signing of a long-term drilling contract, drilling is set to commence in early Q3 2022 and the company has outlined a seven-hole drill programme designed to test the validity at depth of geophysical anomalies corresponding with surface mineralisation.
"Our extensive, first-phase diamond drill programme at Liwa this season is the culmination of years of work and geological study. It has been designed to most accurately test the significant surface geochemical and sub-surface geophysical anomalies that have made Liwa such an exciting prospect," said president and CEO Bryce Bradley. "We can't thank our new and longstanding shareholders enough for remaining supportive through both natural disasters and the global turmoil that has lengthened this exciting journey."
The technical team hopes to intersect the geological features representing the source of mineralisation by testing both the heart and periphery of the geophysical anomalies beneath defined surface mineralisation. Each of the seven holes will offer valuable data to direct a continuous programme of drilling with each hole more informed than the last.
Drilling has been designed to focus on four outcropping, gold-bearing hydrothermal breccia areas at Liwa, including Liwa Ridge, Jensen's, Vatuvatulevu (Vatu) and Gun.