Forrestania Resources says Eastern Goldfields copper ‘too good to ignore’
September 14, 2023 at 03:06 pm EDT
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Forrestania Resources Ltd (ASX:FRS) MD Michael Anderson tells Proactive the company has confirmed the copper prospectivity of its Eastern Goldfields Project in Western Australia with rock chip samples taken during recent fieldwork at Breakaway Dam returning up to 26.7% copper. In addition to copper, the company has demonstrated potential for lithium, gold and rare earth elements (REE) across the broader project. Rio Tinto Exploration has recently applied for a large tenement package directly north of the Breakaway Dam project area, further strengthening the potential of the region.
Anderson said: “Since announcing the option agreement to acquire the Breakaway Dam tenement back in May, our team has been proactively reviewing the historical data, in parallel with a comprehensive mapping and sampling program.
“Our follow-up work has confirmed obvious prospectivity for copper with high-grade rock chips proximal to earlier results.”
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Proactive Investors
Jonathan Jackson
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jonathan@proactiveinvestors.com
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Forrestania Resources Limited is an Australia-based exploration company. The Company is engaged in searching for lithium, gold and nickel in the Forrestania, Southern Cross and the Leonora/Eastern Goldfields regions of Western Australia. The Companyâs projects include Forrestania, Southern Cross and Leonora. The project is situated in the southern Forrestania Greenstone Belt, with a tenement footprint spanning approximately 100 kilometers (km), the emerging Kat Gap gold deposit, the operating Flying Fox, and Spotted Quoll nickel mines, and other discovered Mt Holland lithium projects. The Southern Cross Project is comprised of 5 tenements: one exploration license, three exploration license applications, two prospecting licenses and one mining license, covering approximately 144.28 square kilometers (km2). The Leonora Project includes one exploration license and 5 exploration license applications, covering a total of approximately 853.5 km2.