Forrestania Resources (ASX:FRS) to commence maiden drilling at Bonnie Vale Gold Project

Forrestania Resources Limited (ASX:FRS) is set to start maiden drilling at its Bonnie Vale Gold Project near Coolgardie in Western Australia's Eastern Goldfields. The drilling program will target the extent of the mineralisation at depth and along strike at the company's Ada Ann Prospect, within exploration licence E15/1632. The program will also assess the potential for an additional zone of Au mineralisation around an area of historic drill spoils that returned strong results, including 49g/t Au.

Executive Commentary from Forrestania Resources' Chairman John Hannaford

The Eastern Goldfields district is a prolific region for gold discoveries; Bonnie Vale lies along a highly prospective mineralised belt with Evolution Mining's (ASX:EVN) Mungari and Cutter's Ridge gold mines to the least and north (respectively). However, the area is highly under-explored. Ada Ann is a high order exploration opportunity. Our field work has sampled several mineralised, historic drill spoils with results up to 49g/t Au, in a new area immediately to the east of previous drilling at Ada Ann. The focus will be drill testing Ada Ann as well as this new high-grade, mineralised area prospect and extending the existing gold zones. With gold at ~AUD $3,700 per ounce and in an area surrounded by producing gold operations, there couldn't be a better time or place to be exploring for gold.

Summary of Forrestania Resources' ASX Announcement

Forrestania Resources Limited (ASX:FRS) is gearing up to commence maiden drilling at its Bonnie Vale Gold Project, targeting the mineralisation at depth and along strike at the Ada Ann Prospect. The company's Chairman, John Hannaford, highlighted the under-explored nature of the Eastern Goldfields district and the significant exploration opportunity presented by the Ada Ann prospect. With the price of gold at approximately AUD $3,700 per ounce and the project's proximity to producing gold operations, the company is optimistic about the exploration prospects. Additionally, the company plans to conduct more geochemical work across the project area to further define regional exploration targets and undertake exploration drilling in the long term. The Bonnie Vale North prospect has also shown significant Au geochemical anomalies, providing further exploration potential for Au mineralisation. Forrestania Resources' ambitious exploration plans reflect its commitment to unlocking the full potential of its gold projects in the prolific Eastern Goldfields region.