Javelin Minerals Completes Maiden Drilling at Eureka Gold Project

Carol Forrest
gold exploration

Javelin Minerals Limited (ASX: JAV) has successfully completed its maiden reverse circulation (RC) drilling program at the Eureka Gold Project near Kalgoorlie, Western Australia, aiming to expand the project's existing gold resources.

Highlights:

  • Completed 22 RC holes for a total of 2,779 metres.

  • Drilling targeted expansion of the current resource, intersecting key structures marked by zones of increased shearing and alteration.

  • Eureka Gold Project hosts a JORC 2012 Resource of 2.45Mt at 1.42g/t gold, totalling 112,000 ounces, with 62,000 ounces classified as Indicated.

  • Potential identified for near-term mining of approximately 34,000 ounces from the southern Eureka Pit.

  • Assay results from the drilling program are expected in early May 2025.

  • High-grade historical intersections include 4m at 135g/t Au and 6m at 19.58g/t Au, highlighting the project's substantial potential.

Executive Chairman Brett Mitchell remarked, "There is immense scope to grow the Eureka resource, evidenced by our initial drilling intersecting targeted structures as planned. These results will guide our next exploration phase."

Javelin is also advancing discussions regarding toll treatment opportunities with nearby processing facilities, aligning with their near-term mining objectives.

For further details, visit www.javelinminerals.com.au.