Meteoric Resources NL (ASX:MEI) has finalised planning a 16-hole maiden drill program to test seven targets at its 100% owned Mulligan Cobalt Project in East Ontario, Canada.
The 1,570-metre diamond core program was planned using data from the recent 100x25-metre, ground-based induced polarisation (IP) survey across the entire project.
Drilling will test the seven highly chargeable IP modelled anomalies.
READ: Meteoric Resources identifies strong conductors at Mulligan Cobalt Project
Meteoric’s managing director Dr Andrew Tunks said: “The finalisation of the drill program is a culmination of the hard work our team has put in on the ground in Canada, led by our cobalt expert Tony Cormack, since the beginning of the field season and we are very excited to be commencing our maiden drilling program at Mulligan.
“We have diligently and systematically been working through target generation across our entire Canadian cobalt portfolio and whilst we kick off with drilling at Mulligan, we will continue to advance our other projects through both air and ground geophysics programs.
“As I have said many times before, drilling for an exploration company like Meteoric is truly the most exciting stage, as it is the only through drilling, that you can make a discovery.”
Drilling contract to be awarded, airborne program planned
Award of the drilling contract and mobilisation to site is expected in the coming weeks.
Furthermore, airborne geophysical programs are scheduled to commence at other projects Iron Mask and Mulligan East, with ground geophysics at Burt, Joyce Lake and Lorrain set to follow.
These programs will generate drill targets that will be ranked and drill tested over the coming months.