Geo Exploration Limited (AIM:GEO) told investors it has completed its first drill hole at the Juno project in Western Australia,
The company said progress has been on schedule, and drilling has now moved to a second pad, with hole JUD002 underway.
Drill core from the first hole, JUD001, which was drilled down to 810 metres, will be dispatched for laboratory analysis in the coming days, with results expected in the December quarter.
"Completion of our first drill hole at Juno is a key milestone towards unlocking what could be the starting piece of the puzzle for a potential district-scale deposit for GEO," said chief executive Omar Ahmad.
"This is our maiden drill programme in a 4 km by 2 km area, and both myself and the team look forward to receiving assays in the December quarter. Each stage of this programme is designed to carefully build our knowledge of Juno's potential and create long-term value for shareholders."
Meanwhile, joint venture partner Callum Baxter added: "I am pleased JUD001 is complete and has progressed as planned. The hole successfully intersected all rock sequences we anticipated and the field team are performing very well."