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Ark Mines (ASX: AHK) kick starts Stage 2 Augur Drill Program at Sandy Mitchell

September 08, 2023 12:48 PM AEST | By Manisha
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Highlights

  • Ark Mines has completed the drill-planning program for its Sandy Mitchell Project in North Queensland.
  • For Stage 1 drill program, analysis of assays is underway.
  • AHK has begun Stage 2 augur drill program to target extension for strengthening potential JORC-compliant resource tonnes.
  • The firm has received encouraging results from aerial reconnaissance over the Sandy Mitchell EPM.

Ark Mines Limited (ASX: AHK) has completed an extensive forward drill-planning program for its 100%-owned Sandy Mitchell Rare Earth and Heavy Mineral Project in North Queensland.

Also, the firm has concluded Stage 1, 144-hole drill program. This has led to the start of Stage 2 augur drill campaign targeting resource extension across a broader area of the lease.

For the Stage 1 program, preliminary composite assay results are being analysed by a third-party laboratory for 1m interval samples. AHK has also finalised its plans for Stage 3 and Stage 4 drill campaigns, which would cover the full anomaly.

AHK shares last traded at AU$0.180 on 07 September 2023, with a market cap of AU$9.92 million.


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