AusQuest's new drilling program at Morrisey Project

AusQuest Limited (ASX: $AQD) is preparing for a new drilling program at the Morrisey Project in Western Australia. The company has completed access preparations to 11 drill sites and is set to commence a major Reverse Circulation (RC) drilling program of approximately 3,000 meters in mid-April 2024. The program is funded under a Strategic Alliance Agreement.

AusQuest's Managing Director, Graeme Drew, on the upcoming drilling program

The Company was looking forward to the imminent start of drilling operations at Morrisey, given the project could represent a significant new iron exploration opportunity within the heart of the Midwest mining district. 'Previous test-work results, which confirmed that the magnetite intersected by our initial drill program can easily be upgraded to a premium product (>70% Fe), highlights the potential of this project if significant tonnages can be delineated,' he said. 'Shareholders can look forward to more detailed assessments of the magnetite potential at Morrisey over the coming months.'

Summary of AusQuest's upcoming drilling program at Morrisey Project

AusQuest Limited (ASX: $AQD) is gearing up for a new drilling program at the Morrisey Project in Western Australia to evaluate the potential of magnetite occurrences. The upcoming program will focus on the Waterfall Prospect, where previous drilling intersected coarse grain magnetite over significant thicknesses. The program will also test two other magnetic/gravity targets in the area to determine possible upside for magnetite resources within the broader Morrisey Project. The project, located within high-grade metamorphic rocks of the Narryer Terrane, is subject to a Strategic Alliance Agreement with a subsidiary of South32 Limited. AusQuest's Managing Director, Graeme Drew, expressed optimism about the project's potential and indicated that shareholders can expect more detailed assessments of the magnetite potential in the coming months.