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Saracen Mineral Holdings Provides Further Drilling Success

13 Jul 2017  |  08:44:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Further drilling success for Saracen

Saracen Mineral Holdings provided further drilling success. Drilling at Karari has progressed rapidly over the last two months, focused on extending and in-filling both the north and south ends of the mine. Over the past 12 months, it has made a substantial investment in drilling at Karari, completing 58,708m of underground diamond drilling. The drilling results are currently being incorporated into an updated Mineral Resource estimate, due to be released in the September quarter 2017. The mineralisation remains open in all directions and will be aggressively tested in FY2018. This drilling will target the mineralization 560m below surface. The mine will sustain a single rig, after completing a program of 53,554m during FY2017.

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