Boab Metals' Phase VIII Drilling Confirms Keep as Key Exploration Target
BML (BML) Share Update October 2024 Tuesday 22nd
Boab Metals Confirms Keep as a Promising Exploration Target
Boab Metals Limited (ASX: BML) has announced the results of its Phase VIII drilling campaign, confirming the Keep Zinc-Lead Target as a promising exploration prospect for 2025 at the Sorby Hills Project in Western Australia.
Instant Summary:
- Continuity of mineralization confirmed at the Keep Zinc-Lead Target.
- Keep Zinc-Lead Target established as a 2025 exploration prospect.
- Geological interpretation supports future exploration efforts.
Drilling Results and Geological Insights
Boab Metals Limited has released the assay results from its Phase VIII drilling campaign at the Sorby Hills Lead-Silver-Zinc Project. The campaign, which included a 4-hole deep sonic/diamond step-out drilling program totaling 1,352 meters, was completed ahead of schedule and within budget. The results have confirmed the continuity of mineralization at the Keep Zinc-Lead Target, establishing it as a significant exploration prospect for 2025.
The drilling results demonstrated several key outcomes, including at least one intercept of massive zinc mineralization, validating the targeting rationale and confirming the continuity from previous intercepts. The Keep Prospect has been confirmed as a stratiform sphalerite target, with the drilling also highlighting the role of geological structures in the distribution and deformation of mineralization.
Technical Details and Future Plans
The drill holes intersected significant mineralization, including SHSD_189, which recorded 2.00 meters at 7.73% PbEq (1.23% Pb & 5.86% Zn) and 36.7 g/t Ag from 303.0 meters. These results have justified Boab's approach to targeting this previously unexplored area, which had been dismissed in past assessments.
Boab's Managing Director and CEO, Simon Noon, expressed confidence in the exploration potential of the Sorby Hills Project and the broader Burt Basin region. The company plans to follow up on these promising results in the next field season, further exploring the Keep Zinc-Lead Prospect area as a compelling sub-surface target.
The confirmation of the Keep Zinc-Lead Target as a viable exploration prospect is likely to boost investor confidence in Boab Metals' strategic direction. The potential for significant mineralization could positively impact the company's stock, as investors anticipate future discoveries and resource expansions at Sorby Hills.
Investor Reaction:
Analysts are likely to view the confirmation of the Keep Target positively, as it aligns with Boab's strategic focus on expanding its resource base. The successful identification of a new exploration prospect could enhance the company's valuation and attract further investment.
Conclusion:
Investors should keep an eye on Boab Metals' upcoming exploration activities at the Keep Zinc-Lead Target. The company's continued success in identifying and developing new resources could offer significant opportunities for growth and value creation.