The company has reported high-grade gold and lithium rock chips from mapping trips around Forrestania’s namesake project in Western Australia’s wheatbelt.
Gold results of over 28 and 5.5 parts per million were found from the explorer’s trek at the Great Southern and Black prince prospects, with a notable 1.6-kilometre strike length of strong surface gold observed at Black Prince.
High-grade lithium of up to 3.21 per cent lithium oxide was also found in rock chip analysis of its Gemcutter prospect, home to the explorer-famous Gem mine and historically good lithium appraisals.
Significant rock chip results and high-grade mines have likewise been uncovered by previous explorers at the commodity-diverse company’s gold interests in the region.
There is great confidence the rock chip evaluations and recent geochemical analysis confirm potential of the gold prospects and environmental surveys are underway to advance the projects for drilling.
FRS’s Australian Stock Exchange-listed price is trading at 38c (7:57 am UTC+8 hours)