AusQuest Limited (ASX: AQD) is poised to trade higher after it recommenced drilling at its Dundas Nickel-Copper Project, located 80 kilometrs south of Sirius Rsources (ASX:SIR) Nova and Bollinger deposits in the Fraser Range of Western Australia.
Diamond drilling is now underway at the Lambda prospect, where a second drill-hole has been sited to test the deeper of the two previously modelled electromagnetic conductors.
Modelling shows that this conductor has a shallow northerly plunge and is at least 800 metres long and up to 150 metres wide.
Two of the seven planned holes were completed prior to the Christmas break, comprising initial drill-holes at the Omega and Lambda prospects, with assays pending.
Drilling at the Alpha and Beta prospects will also be undertaken as part of the current program, expected to complete in two weeks.
All assay results are expected to be available within three weeks of completing this program.
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