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Moonlight Resources starts 2,000-meter drill program at Queensland gold project to validate historic highs and support resource estimate.
Moonlight Resources has begun a 2,000-meter drilling program at its Clermont gold project in Queensland, backed by a $10 million IPO, to validate and extend historical gold intersections from 1990s exploration.
Previous work identified multiple shallow high-grade zones, including 46 meters at 1 g/t gold, but much of the area remains underexplored below the oxide zone.
The company plans up to 10,000 meters of drilling to support a maiden resource estimate, focusing on the main corridor and two satellite targets—Gold Finger and Petersens—both showing near-surface highs.
Rising gold prices and a strategic focus on underexplored ground are driving the expansion.
Moonlight Resources comienza un programa de perforación de 2.000 metros en el proyecto de oro de Queensland para validar máximos históricos y apoyar la estimación de recursos.