Belararox Ltd (ASX:BRX) has commenced phase 2 drilling at its Belara and Native Bee volcanogenic massive sulphide (VMS) Project in central New South Wales.
The start of drilling comes after Belararox was granted two exploration licences, increasing its NSW landholding by 300% to about 600 square kilometres in the prospective Lachlan Fold belt.
The resource extension focused drill campaign will comprise up to 3,600 metres of diamond drilling and is targeting additional mineralisation to the defined resources at Belara and Native Bee.
The phase 2 drill program will explore:
- Mineralisation at Native Bee that is open along strike to the south and remains open at depth; and
- Mineralisation at Belara that is open alogn strike to the north and down-dip of previously identified high-grade mineralisation.
Following completion of drilling, Belararox has a planned airborne geophysical survey over portions of the 20-kilometre structural corridor south of Belara and Native Bee to prioritise targets for follow-up exploration.
Belararox Managing Director Arvind Misra said: “The commencement of the phase 2 drill campaign at the Belara/Native Bee Project sees us transition to the next phase of our exploration activities for this highly prospective asset.
“It comes hot on the heels of recently completed Gravity and Gradient Array IP surveys undertaken at the Project.
“With an initial maiden Mineral Resource Estimate (MRE) at Belara and Native Bee already in place, the Phase 2 campaign is all about growing this defined resource and targeting open mineralisation at both prospects and assessing the mineralised trend south of the old Native Bee mine, with the intent of enhancing the Belara Project’s economic viability.
“We expect to wrap up the Phase 2 drill program in the June 2023 quarter, with initial results announced to the market once received.
“While Belara is a major focus, our team has also set in motion plans to test the prospectivity of the WA-based Bullabulling asset, where exploration planning is underway to test for LCT pegmatite potential.”
