It’s been a successful month for Drake Resources; announcing positive drilling results from its gold program in Guinea and completing a ground electromagnetic survey over six copper/zinc targets in Norway. This good news from the ground follows favourable financial gains as well, with a recent $1.6 million injection into the company.
Earlier this month Drake completed its gold drilling program in Seimana, Guinea. The company’s work at the site in 2014 delivered individually spectacular grab sample results of up to 70 grams per tonne and, more importantly, produced a significant number of potential drill targets spread across approximately 18 kilometres.
This year’s drilling program returned to some previously explored holes, as well as probing two of the additional 33 targets that remain untested. Drake is very excited for the results, and expects to receive them within the next few weeks.
Over in Norway, Drake has been doing more good work and has recently completed a ground-based electromagnetic survey over six copper/zinc targets identified from the 2014 VTEM program. Four of these targets of interest lie within the western thrust ore field; an area of known massive sulphide mineralisation, and could produce thrilling results. The objective of this work is to better define targets for potential follow-up drilling, and Drake is eager to receive these results soon as well.
With exciting news on the horizon, Drake visited investors and media in Melbourne, Sydney and Perth at the start of May – a roadshow organised by Pesel & Carr – to discuss these promising new exploration projects, as well as the bright future of the company. The Herald Sun agreed with this analysis and, following the visit, reported that Drake “is looking interesting” as a result of the anticipated “company changing news”.
To keep up to date with the latest news from Drake Resources, please visit: www.drakeresources.com.au