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AusQuest: Begins RC drilling at Morrisey | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

AusQuest: Begins RC drilling at Morrisey

AusQuest: Begins RC drilling at Morrisey

  • AusQuest (AQD) begins reverse circulation (RC) drilling at the Morrisey Nickel-Copper-Platinum Group Element (PGE) Project in Western Australia
  • A total of 1000 metres of RC drilling will be undertaken to test electromagnetic (EM) targets associated with inferred mafic/ultramafic intrusions
  • Modelling of the EM data outlined conductors with moderate to strong conductance (600 to 6000 siemens) at depths ranging from 50 to 100 metres
  • Drilling should take one to two weeks to complete with results expected six to eight weeks after that
  • Shares in the company are steady and are trading at 1.8 cents at market close

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