A total of 429 metres in three reverse circulation drill holes were completed prior to the Christmas and New Year break, of an expected 1500 metre RC drilling program.
Assessment of drill penetration rates has lead to the decision to add a diamond core meterage component to the program. An estimated 500 metres of HQ diamond core will be drilled primarily as tails to pre-collared RC drill holes and as a single twin hole to enable better geological and structural information to be gained.
Samples for one of the initial three drill holes are expected shortly and the remaining will be submitted soon.
In addition, detailed mapping of known mineralized localities around historical mines and more regional mapping and sampling of mineralised structures, such as the KB Prospect, will commence by mid month with the mobilization of a further contract geologist to site.
Ethan successfully listed fully oversubscribed on the ASX last month, having raised over $5 million.
The company is an Australian-based exploration company focused on the successful discovery and development of quality base and precious metals deposits in Western Australia, focussing initially on its Northampton Project north of Geraldton.
The Company’s strategy is to develop its lead project, the Mary Springs Project, where a JORC compliant Inferred Resource of 145,000 tonnes at 11.5%Pb has been quoted by Independent Consultants, MineMap.
Ethan will also look to secure projects that have attracted project economics or prior exploration activity offering a robust exploration model and are thereby essentially ’drill ready’. Utilising advanced exploration models, coupled with proven analytical and geophysical techniques Ethan will identify and delineate additional drill targets within the Northampton Project in an effort to develop new, commercial base metal projects.
Disclosure: The author holds no positions in the company