Forrestania (ASX:FRS) shows multiple promise at Eastern Goldfields
Forrestania Resources geophysical results have uncovered several highly prospective greenstone belts, within the Goongarrie tenement, part of the Company’s Eastern Goldfields Project around the gold mining districts at Leonora and Menzies in Western Australia.
Geochemical and rock chip analysis supports the companies belief the are has scale multi commodity potential across the projects tenements with results indicating elevated nickel, chromium, gold, bismuth, molybdenum and silver.
The news comes as the company reports promising early signs for lithium from initial drilling at its Bannon project, part of its namesake flagship project near Hyden.
“The results from the geophysical survey and interpretation completed at the Goongarrie tenement have identified several previously unrecognised structural features and greenstone units,” Chairman John Hannaford said.
Significantly, there are also multiple polymetallic geochemical anomalies that coincide with these structural features. Early exploration at Goongarrie continues to demonstrate this province’s substantial prospectivity and potential.”
The Eastern Goldfields project area
Highlight Results
- SS01078 – 543ppm Ni
- SS01032 – 1230ppm Cr
- S01388 – 39.5ppb Au
Rock chips at Goongarrie, including:
- FR000108 – 181.9ppm Bi
- FR000116 – 255.2ppm Mo
- FR000411 – 1.6ppm Ag
The promising signs come following an aeromagnetic geophysical survey over the tenement earlier in the year.
Exceptional nickel and gold pathfinder results have also confirmed the strong exploration potential at Goongarrie (E29/1103).
Additionally, the Company has applied for two exploration licences in the region (E29/1215 and E29/1216), immediately adjacent to the east of the Goongarrie project (E29/1103) and in close proximity to the recently granted Goongarrie North (E29/1158).