ActivEX Limited (ASX) has commenced a significant drilling campaign at its Gilberton Gold Project as of October 15, 2024. This marks a critical step in the company’s efforts to define its maiden JORC-compliant gold resource at the historic Mt Hogan Gold Mine. The Gilberton Project, in collaboration with HK Create Capital Investment Group Limited, aims to tap into the untapped potential of this historic gold region.

Comprehensive Drilling Campaign Launched at Mt Hogan Gold Mine

The newly launched drilling program at the Mt Hogan Gold Mine will encompass 3,175 meters of drilling, including 2,620 meters of Reverse Circulation (RC) drilling and 550 meters of HQ core drilling. The core drilling will also support metallurgical testing, specific gravity measurements, and structural analysis, with the aim of delineating a new gold resource. The maximum depth of drilling will be 160 meters, with an average depth of 127 meters.

A Historic Gold Producer With New Potential

The Mt Hogan Gold Mine, which ceased operations in 1994, produced 74,930 ounces of gold from 464,134 tonnes of ore during its operational years. With this new drilling effort, ActivEX is focused on uncovering additional gold resources around the historic mine, as well as exploring two other historic sites within the project area: Josephine and Comstock.

Approval and Next Steps in Gilberton Exploration

In preparation for the project, ActivEX secured all landholder and heritage approvals, allowing drilling operations to proceed without delays. The HQ core drilling phase is scheduled to begin in early 2025, providing essential data for further metallurgical work and resource evaluation.

Managing Director Mark Derriman expressed enthusiasm for the progress, stating, “We are excited to share this journey with HK Create Capital Investment Group Limited as we aim to unlock the full gold potential of the Mt Hogan area. Our goal is to discover additional gold resources and explore in the shadows of the historic mining operations