Siburan Resources' (ASX: SBU) drilling activities at the Kirwan Hill tungsten and gold project in New Zealand is proceeding according to schedule as it enters a period of active exploration.
"Our investments over the last 2 years are now coming to fruition in the form of our drilling activities in New Zealand," managing director Noel Ong said.
He added that in some parts, drilling conditions are better than expected.
"Weather conditions are currently favourable and we hopeful we will complete our goals this exploration season."
The company is currently carrying out a 1,200 metre diamond drilling program at Kirwan Hill to confirm the grade and continuity of the tungsten mineralisation.
Most of this will be focused on the Kirwan Hill Prospect.
Drilling of the KHDD004 hole has been completed and the core logged and samples despatched to laboratories.
Assay results are expected within four to six weeks. Siburan is currently drilling hole KHDD005.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.