PLC Resources calls in satellites for WA gold chase

King River Resources recently launched a massive 11,000-metre drilling campaign at its Mindoolah gold project, while new players such as Parbo Resources, Golden Dragon and Reach Resources have all expanded their footprint in the region.

The company recently completed a follow-up reverse circulation drilling program at its Rochefort gold prospect within Abbotts, with assay results currently pending. Geological logging from that campaign confirmed the target host rock had been intersected, with multiple accounts of potential gold-bearing sulphide alterations. The real test, however, will come when the assays land, potentially revealing a virgin gold discovery.

PLC says, beyond drilling a Rochefort, it expects a prioritised target map from the new satellite survey within four to six weeks. The results will be integrated with recent magnetic survey data to rank targets for follow-up field exploration and aircore drilling.

With New Murchison recently stacking up multiple high-grade discoveries next door along what appears to be a highly prospective, unloved gold belt, the company has plenty of reason to feel ambitious about its unfolding gold story at Abbotts. Its high-tech targeting could fast-track the hunt for a discovery of its own, with the coming months shaping up as a potentially pivotal period for the Perth-based explorer.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au