Forrestania Resources has updated the Mineral Resource Estimate (MRE) for its British Hill deposit to 2.62 million tonnes at 1.50 g/t gold for 126,290 ounces. The new estimate represents a 131% increase over the previous resource figure.

The updated MRE includes 1.88 million tonnes at 1.43 g/t gold in the Indicated category, containing 86,080 ounces. This reflects a 180% increase in Indicated resources compared to the previous reporting, supported by a 19-hole, 4,764-metre drill program that included 693 metres of diamond tails.

“British Hill continues to expand, with a more than doubling of the previous Mineral Resource Estimate and a material increase in the proportion of higher-confidence Indicated Resources. The combination of resource growth, ongoing drilling success and excellent regional infrastructure positions British Hill as a key asset within our broader Forrestania gold strategy.”

— David Geraghty, Chairman

Exploration work at the project is ongoing, with three reverse circulation (RC) rigs currently focused on resource extension drilling along and down-dip. The company has secured approval for a 100-hole drill program under PoW Registration ID 208470.

Beyond the active drilling, Forrestania Resources is planning conceptual mining studies and metallurgical test work to support future development of the asset.

Read the full announcement: British Hill Delivers Upgraded MRE of 126,290oz Au