Hi Ho, Hi Ho, it’s off to work we go

THE DRILL SERGEANT: Each week any number of junior exploration plays set out to drill their ground. Here’s a small selection of what’s been happening this week.

Eyre Peninsula drilling progressing

Investigator Resources (ASX: IVR) has completed approximately half of a 13,000 metre reverse circulation percussion (RCP) drilling program on the company’s precious and base metals prospects on the Eyre Peninsula in South Australia.

Drilling re-commenced at the end of July on extensional step outs and satellite targets to the company’s path finding and now 100 per cent-owned Paris silver resource, 150km from Whyalla.

Investigator’s latest exploration program is also first-pass testing new targets at Ajax (30km east of Paris) and at Uno/Morgans (85km east of Paris) in the emerging Uno minerals province.

“With some $7million in cash, Investigator is in a strong position to continue our exploration momentum on the Eyre Peninsula,” Investigator Resources managing director John Anderson said.

“Investigator is now over half-way through its planned 13,000 metre, two-month drilling program on the highest priority targets on the Peterlumbo and Uno/Morgans tenements.

“The drilling results and pending assays will further increase our understanding of this emerging minerals province and will be reported when received and assessed.”

Drilling to test high-grade target at Lobo

Red Mountain Mining (ASX: RMX) has commenced drilling at Camo, one of five new priority drilling targets within the company’s Lobo prospect on the Batangas gold project, located south of Manila in the Philippines.

The objectives of the initial five diamond drill hole program are twofold:

To define the strike extremities of the near surface high-grade silver, copper and gold siliceous lode; and

To trace the down-plunge projection of the lode into the potential high-grade gold or ‘boiling’ zone.

“Over the past few months, while the rigs haven’t been turning, our in-country team has been working hard to identify and define five new priority target areas for drilling at Lobo – and Camo is the first cab off the rank,” Red Mountain Mining managing director Jon Dugdale said.

“The surface results at Camo indicate we are on top of a preserved epithermal system with high-grade silver (with copper and gold) at surface and the potential for a ‘look-alike’ to the high grade South West Breccia gold zone at shallow depth.

“Drilling will initially target the shallow silver-copper-gold target, then test for a high grade gold zone below.”