IronClad starts drilling at Jumbuck gold project

THE DRILL SERGEANT: IronClad Mining (ASX: IFE) announced the commencement of a 6000 metre drilling program at the company’s Jumbuck gold project in the North Western Gawler Craton in South Australia.

The Jumbuck project is located approximately 45 kilometres from the Challenger gold mine.

The program is to consist a total of 110 air core (AC) and Reverse Circulation (RC) holes, which have been planned to be carried out at three of the project’s more advanced prospects – Golf Bore, Golf Bore North and Camp Fire Bore.

“The Golf Bore and Campfire Bore prospects are within the Kingsgate Joint Venture area (IFE 53.4% – KCN 46.6%),” IronClad said in the company’s ASX announcement.

“The program and budget has been approved by both parties to the Joint venture.

“Golf Bore North lies within IronClad’s 100 per cent-owned EL 5526 (Galaxy Tank) and drilling of 25 planned AC holes (approx. 1250m) in that area remains subject to native title clearance.”

The drilling is being co-funded by the South Australian Government to the tune of $75,000 through its Programme for Accelerated Exploration (PACE) initiative.

IronClad explained all drilling targets are currently constrained to an area within 50kms from the Challenger milling operations where, subject to certain conditions, all joint venture ore can be treated.

Website: www.ironcladmining.com.au