Proto Resources (ASX:PRW) has announced drilling has started at their Lindemans Bore project in the Northern Territories, Australia.
Drilling started on May 25th, and has reached a depth of 120 meters as of yesterday. Proto plans to drill a hole with a total depth of 600 meters right inside the middle of the anomaly which was detected through a FLTEM survey back in 2011.
This fourth drill hole at Lindemans Bore was designed to follow up on the previous three drill holes which intersected anomalous copper and gold values. Proto thinks this hole has the potential to intersect a higher temperature zone that may have enhanced higher grades of mineralization with it.
We expect to see a press release on the drill results in the first half of July.
> Click here to read the press release
Disclosure: The author holds a long position in Proto Resources. Proto Resources & Investments is a sponsor of the website. Please see our disclaimer for current positions.
