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Macro Metals Limited (ASX:M4M) has officially launched its inaugural drilling program at the Goldsworthy East Project. The commencement follows a strategic decision to wait for recent rainfall in the area to subside. The company mobilized its drilling contractor, K-Drill, along with technical teams from Macro and RSC, to the site over the weekend, with drilling activities starting on September 30, 2024.
The current drilling program is designed to include at least 30 reverse circulation (RC) holes, which will be spaced 50 meters apart and drilled to an average depth of 200 meters. This initiative aims to cover a total estimated drilling distance of between 6,000 and 8,000 meters, allowing for comprehensive exploration of the region.
In addition to the drilling efforts, the recent discovery of high-grade hematite outcrops and sub-crops, announced on September 20, 2024, has prompted RSC geologists to initiate a third phase of detailed mapping and sampling. This phase of fieldwork will initially focus on the area approved for drilling under the project’s Program of Works (POW) and will gradually expand across the entire project area. The goal of this mapping and sampling effort is to locate additional high-grade hematite outcrops and sub-crops in other areas identified during a magnetic survey conducted in July 2024. This will help refine the targets for the RC drilling program.
The data collected from the project-wide sampling and mapping initiative will also aid Macro Metals in planning its Stage 2 drilling program, which is expected to reach into the northern target area of the Goldsworthy East Project.
All drill holes from this initial stage of drilling will be logged, and samples will be submitted for assay analysis. Macro Metals is eager to update the market on the findings as results are received, highlighting the potential of the Goldsworthy East Project in contributing to the company's growth and exploration objectives.
