Fredonia Mining has commenced a 10,000 metre diamond drilling programme at its El Dorado–Monserrat (EDM) gold project in Argentina, marking a significant step in efforts to expand and upgrade the project’s resource base.
Located in the mineral-rich Deseado Massif of Santa Cruz Province, EDM currently hosts a mineral resource estimate (MRE) of approximately 2.25 million ounces of gold equivalent in the measured and indicated categories.
The new drilling campaign is designed to test high-priority targets across the broader system, with a focus on extending known mineralisation and improving geological confidence.
The programme will target zones that remain open in multiple directions, highlighting the potential for further resource growth.
In addition to step-out drilling, Fredonia plans to undertake infill drilling in key areas to strengthen the reliability of existing resource estimates.
The campaign will also evaluate new exploration targets for additional gold-silver mineralisation, supporting the company’s objective of expanding both the scale and certainty of the deposit.
EDM forms part of a large epithermal gold-silver system within the Deseado Massif, a well-established metallogenic belt known for hosting significant precious metal deposits.
The geological setting has long been recognised as highly prospective, and Fredonia’s latest drilling initiative underscores its commitment to unlocking further value from the district.
The company is pursuing a structured exploration strategy aimed at systematically growing the mineral inventory while advancing technical studies.
Insights gained from the drilling programme are expected to inform future development planning and contribute to ongoing economic assessments.
Fredonia Mining CEO Estanislao Auriemma said: “Momentum is clearly building at El Dorado–Monserrat as we continue to advance both our technical understanding of the deposit and the systematic development of the project.
“The commencement of this drill programme, alongside ongoing progress toward a Preliminary Economic Assessment, reflects a disciplined and coordinated strategy aimed at unlocking the full-scale potential of EDM.
“We believe we are only beginning to scratch the surface of what this system can deliver, and this programme is designed to help define the true scale of the opportunity.”
The drilling campaign comes as the company continues to progress work towards a Preliminary Economic Assessment (PEA), a key milestone in evaluating the project’s development potential.
By integrating new exploration data with ongoing technical studies, Fredonia aims to position EDM as a significant gold-silver asset within the region.
As exploration advances, the company is focused on building a more comprehensive understanding of the deposit’s geometry and continuity.
The results of the current drilling programme are expected to play a central role in shaping the next phase of project development and determining the long-term production potential of EDM.
