Syndicated Metals (ASX: SMD) has kicked-off a new phase of exploration drilling at its high‐grade Newington Gold Project in the northern end of the Southern Cross Greenstone Belt in WA.
The 11‐hole (1,500m) Reverse Circulation (RC) programme is a follow up to a successful maiden drilling campaign which reported strong results in August 2019.
The new programme will target near‐surface extensions to the three key high‐grade prospects at Dawsons, Newfield Central and Newfield and will be coupled with a soil sampling programme across the broader project area.
The drilling will be conducted as part of the farm‐in agreement with Newfield Resources Limited under which Syndicated can earn up to 85% of the Newfield Project. Reported historical production from the Newfield prospects totalled 32,366oz at an average recovered head grade of 24.45g/t.
Syndicated’s Managing Director, David Morgan, said the Southern Cross Greenstone Belt is highly prospective, with nearby deposits including Ramelius Resources’ 1.7Moz Edna May Gold Mine, as well as its recently‐acquired 1Moz Tampia Hill Gold Project and 500,000oz Marda Gold Project.
Mr Morgan, said the new drill programme, coupled with a soil sampling program across the broader area, was part of the company’s strategy to systematically unlock the high‐grade gold potential at the Newington Project.
The new phase of drilling provides an immediate opportunity to build on the highly encouraging results from our recent maiden drill program by targeting near‐surface extensions to the known high‐ grade mineralised structures at Dawsons, Newfield Central and Newfield East,” he said.
“In conjunction with ongoing systematic testing of some of the broad gold anomalies identified in the vicinity of the Newfield prospects, we are planning to build a strong pipeline of exploration targets at Newington with the potential to generate very strong news‐flow in the months ahead.”