Accelerate Advances Balagundi with Fresh Drilling and Targeted Geophysics
Accelerate Resources Limited (ASX: AX8) has recommenced on-ground exploration at its Balagundi Gold Project near Kalgoorlie, marking an important step in progressing the asset toward resource definition. Reverse circulation drilling has begun at the Iron Bound prospect, where the company is testing below historic gold workings within a structurally favourable dolerite and basalt–sediment corridor. Around 800 metres of drilling is planned at this location before the rig shifts back to the Paris Gift Trend to follow up and tighten spacing around a recently identified gold shoot. The focus at Paris Gift will include shallow oxide mineralisation, which may offer near-term resource potential. In parallel, Accelerate has launched a gradient array induced polarisation survey at the Fluffy Gorilla prospect, aimed at identifying deeper sulphide-related targets beneath high-grade surface gold indications. An aircore drilling program scheduled for late February will further complement these activities. Overall, the program reflects a disciplined, multi-technique approach designed to systematically unlock the scale and potential of the Balagundi gold system.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Accelerate Advances Balagundi with Fresh Drilling and Targeted Geophysics
Accelerate Resources Limited (ASX: AX8) has recommenced on-ground exploration at its Balagundi Gold Project near Kalgoorlie, marking an important step in progressing the asset toward resource definition. Reverse circulation drilling has begun at the Iron Bound prospect, where the company is testing below historic gold workings within a structurally favourable dolerite and basalt–sediment corridor. Around 800 metres of drilling is planned at this location before the rig shifts back to the Paris Gift Trend to follow up and tighten spacing around a recently identified gold shoot. The focus at Paris Gift will include shallow oxide mineralisation, which may offer near-term resource potential. In parallel, Accelerate has launched a gradient array induced polarisation survey at the Fluffy Gorilla prospect, aimed at identifying deeper sulphide-related targets beneath high-grade surface gold indications. An aircore drilling program scheduled for late February will further complement these activities. Overall, the program reflects a disciplined, multi-technique approach designed to systematically unlock the scale and potential of the Balagundi gold system.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au