To date, 1000 metres of drilling has been completed and geological logging of drill rock chips has identified quartz veining in several holes.
Todd Hibberd, managing director, commented: "The first phase of drilling at Ironstone has revealed some intriguing geology and more importantly some substantial quartz veining.
"High grade gold mineralisation is associated with quartz veining 190 metres west of the current drilling.
"The samples have been dispatched for assay and we keening await the results.
"We believe the Merolia project has great potential for a major gold discovery and this drill program is the first phase of a broader exploration strategy aimed at delivering on that potential."
Merolia
Merolia hosts the Ironstone, Comet Well and Burtville East gold anomalies.
Historical drilling intersected substantial mineralisation including 5 metres at 33 g/t gold, 2 metres at 6.65 g/t gold and 3 metres at 5.3 g/t gold.
Most recently, White Cliff sampled gold grades of up to 38 g/t gold from surface rock piles at the Burtville East gold prospect.