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(Sharecast News) - Forgent said on Friday that a drill rig had been mobilised to its Peak Hills gold-copper project in Western Australia, with the first phase of drilling expected to start imminently.
The AIM-traded company said the programme would comprise about 42 low-cost aircore drill holes to depths of up to 100 metres, for around 2,860 metres in total, across the Karalundi, Junction and Curleys prospects.
The work was designed to validate historic exploration results, extend known mineralisation and identify additional mineralised zones.
Drilling was expected to take up to three weeks, with initial results anticipated in early August.
Forgent currently holds 51% of Peak Hills, with an option to increase its stake to 99%.
At 1145 BST, shares in Forgent were down 3.53% at 0.02p.
Reporting by Josh White for Sharecast.com.
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