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HIGHLIGHTS
Independent review of Niagara West completed by Newexco Exploration • Review of Regener8’s initial drilling campaign at Niagara West warrants follow up at May and Green Bullet East & North Prospects
May – Derwent Prospect drilling NGRC037 intersected 1m @ 14.8g/t Au with untested coincident gold in soil anomaly encouraging follow up (ASX 13/6/23)
Green Bullet results suggest horizons of supergene enrichment potential in weathered zone
Green Bullet soil anomaly NW7 correlates with an interpreted ESE trend with same geochemical signatures elsewhere within Niagara West
Regional consolidation with recent M&A activity in the area highlights continued interest
Regener8 Resources NL (ASX: R8R) (Regener8 or the Company) is pleased to provide an update regarding the Kookynie Gold Project. Further to the Company completing its maiden drilling campaign at the project in 2023, an independent review of the historical exploration data and recent work completed by Regener8 has been completed by Newexco Exploration Pty Ltd.
Whilst the focus for Regener8 has been on advancing its East Ponton project, with historical high grade gold intersections encountered at Niagara West, a supportive gold price, combined with surrounding regional merger and acquisition activity, the Company continues to seek to explore and develop value at the Kookynie Gold Project.
Managing Director Stephen Foley Commented: “The independent review undertaken by Newexco Exploration has confirmed the continuing prospectivity of the Kookynie Gold Project on its geological merits, (particularly at the Green Bullet and May Derwent prospects) with recommendations to further advance exploration and understanding of key targets at Niagara West. As we seek to undertake our maiden drilling campaign at the East Ponton project, this review provides a basis for value adding and follow up exploration opportunities for the
Kookynie Gold Project”.