Forgent PLC (AIM:FORG) told investors it has mobilised a drill rig to its Peak Hills gold-copper project in Western Australia, putting the company on course for initial drilling results in early August.
The AIM-listed company said its Phase 1 programme will test multiple high-priority targets across the Karalundi, Junction and Curleys prospects using low-cost aircore drilling.
Around 42 holes are planned, each to a depth of up to 100 metres, for roughly 2,860 metres of drilling in total.
Forgent said the programme is expected to start imminently, remains on schedule, and should take up to three weeks to complete.
The work is designed to validate historic exploration results, extend known mineralisation and identify additional mineralised zones across the wider project area.
Forgent currently holds a 51% interest in the project and has an option to increase ownership to 99%.
