Fortescue is currently earning a 51% interest under a Farm in and Joint Venture Agreement over
Drilling of both holes (VUD018 and 019) commenced with a vertical reverse circulation (RC) hole before switching to diamond drilling followed by some navigational drilling near the base of the cover sequence to flatten the hole. Coring was then continued at a low angle through the basement across portions of the identified gravity anomaly. Both holes intersected substantial downhole widths# of hematite breccia which is often a significant host to mineralisation in IOCG deposits.
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