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Forrestania upgrades WA gold resource by 35% to 286,000 ounces

Forrestania Resources upgrades WA gold resource by 35% to 286,000 ounces via drilling and new ore deals.

Updated 1 min read

Published by Agyata NewsroomEditorial policyCorrections

Key points

  • Forrestania upgraded British Hill gold resource by 35 percent to 286,000 ounces.
  • The company signed an ore purchase deal with Dundas Minerals for 750,000 tonnes.
  • Forrestania is acquiring Zenith Minerals to add 675,000 ounces to its inventory.

Why it matters. These developments expand Forrestania's production capacity and resource base, positioning the company to capitalize on rising national gold output forecasts and persistent high-grade mineralization in Western Australia.

Updated Sources: Thewest, Smh, Theage

Forrestania Resources upgraded its British Hill gold project resource by 35 percent to 286,000 ounces following high-grade drilling results in Western Australia. The company achieved this increase after a 19-hole program returned intersections including 16 meters at 5.77 grams per tonne gold and 2 meters at 13.36 grams per tonne. Additionally, Forrestania secured an ore purchase agreement with Dundas Minerals to supply up to 750,000 tonnes over 24 months for its upcoming Lake Johnson facility.

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Forrestania upgrades WA gold resource by 35% to 286,000 ounces

Emerging gold producer Forrestania Resources has delivered a significant resource upgrade at its British Hill project in Western Australia, increasing reserves by 35% to 286,000 ounces. The upgrade follows a shallow drill intersection of 16 meters at a high grade of 5.77 grams per tonne. In addition to the resource expansion, the company secured a separate deal to purchase 750,000 tonnes of ore. This trifecta of positive developments underscores the project's potential as a major gold asset. The high-grade hit provides strong evidence of the deposit's continuity and quality.

ThewestSmhTheage

Sources

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