Rand Mining (ASX: RND) has provided a December quarter report for the East Kundana Joint Venture (EKJV), of which it holds a 12.25 per cent stake. During the reporting period, the EKJV progressed a raft of exploration activities across its portfolio of prospects, with varying degrees of success found to-date.
Highlights
-
Surface exploration programs completed at Beverly Hills, Humpeg Regional and Ambition prospects
-
Near-mine Mineral Resource development exploration work at Drake, Sir Walter and Raleigh South prospects
-
In-mine exploration consisted of programs targeting Pegasus K2, Falcon and Pode prospects
-
Follow-up drilling planned in Sir Walter and Raleigh South prospects
-
Drake Resource targeting program due to be completed in next quarter
Rand Mining (ASX: RND) is pleased to provide an East Kundana Joint Venture (EKJV) Exploration Report for the three months to 31 December 2018.
The EKJV is 12.25% owned by Rand, 36.75% owned by Tribune Resources (ASX: TBR) and 51% owned by Northern Star Resources (ASX: NST), and is located 25km north-west of Kalgoorlie and 47km north-east of Coolgardie.
During the December 2018 Quarter, the EKJV’s exploration activity consisted of three distinct in-mine targets, being the Pegasus K2, Falcon and Pode prospects.
Near-mine Mineral Resource development exploration was conducted targeting the Drake, Sir Walter and Raleigh South prospects, whilst surface exploration programs were completed at the Beverly Hills, Humpeg Regional and Ambition prospects.
Follow-up drilling is planned in the Sir Walter and Raleigh South prospects and will target the upper portions and southern extensions of the Raleigh main vein.
The current Drake Mineral Resource targeting program is due to be completed in the next quarter.
EXECUTIVE SUMMARY
Exploration activity in the December 2018 quarter across the East Kundana Joint Venture, consisting of three distinct in-mine targets.
