The Deep Well Project covers an area of 119 sq km to the west of Port Hedland.
Interpretation of new high resolution geophysical data, covering the entire lease area, has identified 11 discrete magnetic anomalies. A 60-hole air-core drilling program, carried out in May, completed a total of 60 drill holes for 1,677m. Drill samples have been submitted fogold, lithium and multi-element analysis. Results are pending.
Drilling targeted magnetic features that display similarities to the Hemi style of intrusion-related gold mineralisation. The T1, T2, T3, T7, T12a and T12b targets were tested. Planning for follow up RC drilling is underway.