Proactive - Interviews for investors

Intra Energy Corporation completes RC drilling at Maggie Hays Hill

Episode Summary

Intra Energy Corporation Ltd (ASX: IEC) managing director Ben Dunn joins Jonathan Jackson the Proactive studio to discuss the conclusion of reverse circulation (RC) drilling at its high-priority Maggie Hays Hill (MHH) Project in the Lake Johnston Greenstone Belt, Western Australia. The project includes a 2.5-kilometre southern pegmatite lithium target and central and northern gold targets. The drilling program covered 1,960 metres, with 1,300 metres testing lithium targets and 660 metres for gold targets. The lithium drilling, focused on the southern pegmatite target, addressed a significant soil and outcrop anomaly similar to TG Metals Ltd's Burmeister spodumene discovery. Thirteen holes were drilled across 1,300 metres, intersecting multiple pegmatites over a 2-kilometre strike length, with combined intervals up to 19 metres in some holes. Gold target drilling, covering 660 metres, intersected quartz veins in several holes near previous gold mineralisation sites. Drill samples have been sent to the laboratory, with results expected in early September. The campaign has been described as a "resounding success", with Dunn expressing satisfaction with the initial geological reports and the extent of pegmatite and quartz findings, indicating that assay results are highly anticipated in early September. #ProactiveInvestors #IEC #MaggieHaysHill #Lithium #Gold #Mining #Drilling #WesternAustralia #GreenstoneBelt #Exploration #RCDrilling #Pegmatite #QuartzVeins #MiningNews #ASX #Geology #ResourceDevelopment #MineralExploration #Investing #MiningIndustry #FieldReports #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews