Fenix Resources is due to commence a combined infill and geotechnical diamond drill program at its iron ridge project in midwest Western Australia.
The planned drill program consists of seven holes for 880 meters of infill diamond drilling alongside four geotechnical assessment holes for 690 meters.
It also includes two extensions to the resource infill holes for a further 145 meters.
Results from the program are expected to be released progressively from July this year onwards, with the project feasibility study due to be completed in October of this year.
Over the following few months, Fenix is expected to commence a further 650 meters of drilling for the purpose of hydrological studies.
Commenting on the imminent commencement of drilling, Fenix’s managing director Robert Brierley said it was “an important step in [the]… development of the iron ridge project.”
“We look forward to intersecting more iron ore mineralisation and reporting back to shareholders as we progress towards direct shipping production in the fastest possible timeframe, all the while maintaining high standards of quality control and risk management,” he said.
“By combining the infill and geotechnical drilling programs we have saved valuable drill meterage and preserved cash resources in the process.”