M3 Mining Limited (ASX: M3M) has commenced drilling operations at the Edjudina Gold Project, located approximately 150km northeast of Kalgoorlie, WA.
"This is a great time to be in the goldfields exploring for gold along a significant trend. The current record gold price and recent acquisition of the neighbouring Hobbes gold deposit by Northern Star provides real significance to the area and gives this upcoming AC drilling program some added anticipation,” Executive Director, Simon Eley, said.
Aircore Drilling Programme
Company has identified three high-priority targets at Edjudina for approximately 3,500m of AC drilling.
These targets are south- southeast of the El Capitan prospect that returned 10m at 241.2 g/t Au from 27m. As noted previously, none of the targets have had any systematic exploration with target 1 having seen limited drilling in the past, whilst the two remaining targets have not been drilled.
Drilling was delayed due to recent weather conditions, however, conditions have improved and drilling has since commenced.
Subject to the results of the upcoming program, as well as other drilling programs being planned, at Edjudina, the acquisition of the neighbouring Hobbes gold deposit by Northern Star is encouraging for M3 Mining due to the proximity of the company’s tenements (both granted and under application) to Northern Star’s operations at both the Porphyry and Carosue Dam operations.