THE DRILL SERGEANT: Ventnor Resources (ASX: VRX) has resumed drilling at the company’s Thaduna/Green Dragon copper project in Western Australia following the break over Christmas.
The company has drilling planned for the first seven holes, from which it anticipates to intersect a high-grade shoot it identified in drilling before the break.
The company said the drill program will follow up high-grade results it reported to the market last year.
Thaduna drill hole location plan. Source: Company announcement
“We are able to confidently plan these holes now based on our understanding of the structural controls identified in the drilling to date,” Ventnor Resources managing director Bruce Maluish said in the company’s announcement to the Australian Securities Exchange.
“Our expectations are for a continuation of the high grade shoot down plunge.
“Drilling has recommenced with an initial seven-hole program which may be extended subject to the mineralisation we intersect.”
In December Ventnor announced it had commenced work on an updated resource model for the Thaduna deposit.
At this stage the assays results are still with the laboratory, however the company said it anticipates the updated Resource will be completed early Q1 2013.
Ventnor shares had risen 4.55% to 46 cents during today’s trading.