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Forrestania Resources (ASX: $FRS) unveils high-grade gold results at Ada Ann Prospect

Forrestania Resources' Gold Exploration Update


Forrestania Resources Limited (ASX: $FRS) has announced promising gold exploration results from the Ada Ann and Bonnie Vale North projects in the Eastern Goldfields. The company's recent fieldwork and site visits have yielded high-grade gold samples and compiled significant historic drilling data, indicating strong exploration potential.

Executive Commentary on Gold Exploration Results


Forrestania Resources' Chairman John Hannaford expressed optimism, stating, 'The Company is very encouraged by these highly significant gold results after a more thorough review of previous work at Ada Ann and follow up site visits, confirming a second prospective zone with high grade grab samples from historic drilling spoils. The developing gold story at this project can be quickly advanced to a potentially valuable asset for the Company given the very favourable location nearby of several active mills and excellent logistics, with a haul road immediately adjacent to the project area.'

Summary of Gold Exploration Update


Forrestania Resources has unveiled compelling gold exploration results from the Ada Ann and Bonnie Vale North projects, demonstrating significant high-grade gold samples and historic drilling data. The company's focus on the Eastern Goldfields project reflects its commitment to leveraging the region's strong exploration potential. With plans for a maiden drilling program to test the extension and depth potential at Ada Ann, Forrestania Resources aims to capitalize on the newfound high-grade mineralization. Additionally, the postponement of lithium drilling at Breakaway Dam due to adverse weather conditions underscores the company's commitment to safety and environmental responsibility. The outlook for Forrestania Resources appears promising as it continues to pursue its exploration and acquisition strategies in Western Australia and Quebec, Canada.

FORRESTANIA RESOURCES LIMITED
FRS | ASX | Materials
0.0330(+0%)
At close 05/07 (AEDT)
Market cap
$5.3M
Volume
562,569
DY Yield
0
PE Ratio
0
52 Week Range
0.013 - 0.145
1YR Return
N / A

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