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ActivEX set to drill gold-silver targets at Barambah, Queensland

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ActivEX Limited (ASX: AIV) has commenced gold-silver reverse circulation drilling at Barambah in south-east Queensland.

Barambah is a joint venture between ActivEX and Norton Gold Fields (ASX:NGF), where ActivEX has earned a 75% interest in under a farm in agreement.

The planned program will comprise 9 holes for 1,250-2,500 metres of reverse circulation drilling, expected to commence on 23 November and be completed within two weeks.

Drilling has been designed to test multiple gold-silver targets including high grade intersections south of the historically mined open pit, a second zone of high conductivity at depth, and historic gold-silver intersections north of the open pit.

ActivEX intersected 31.3 grams per tonne gold and 3.04 kilograms per tonne silver over 1 metre during drilling at Barambah in January.

Assay results from this new drilling campaign are expected prior to year’s end.

On Tuesday, ActivEX reported it will be acquiring the Coalstoun Lakes copper-gold porphyry project in Queensland from Newcrest Mining (ASX: NCM) for $200,000.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Price: 0.13 AUD

ASX:AIV
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Market Cap: $23.03 m
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