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Phosphate Australia kicks off initial drilling at Tuckanarra gold project

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Phosphate Australia (ASX: POZ) has commenced maiden drilling its 100% owned Tuckanarra gold project in the Murchison area of Western Australia.

The company is planning to complete total of 2000 metres of reverse circulation and 6000 metres of aircore drilling by mid February at Tuckanarra, which has historic production of 125,000 ounces and was last mined in 1993.

The resource definition drilling will be conducted on shallow mineralisation in the Cable -Drogue - Bollard area as well as exploration drilling on the Alifa exploration target. The company is on track for an initial resource estimate by May 2012.

The project is situated centrally within the Murchison goldfield with nearby existing gold plants opening up possibilities for toll treatment.

These include Burnakura (40 kilometres), Bluebird (on highway), Cue (40 kilometres on highway) and Tuckabiana (planned mill 65 kilometres on highway and haul road).

Phosphate Australia received promising results from its maiden drilling program at the Iroquois prospect in Western Australia in November, where significant lead and zinc mineralisation was found in four of the seven drill holes.

 

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