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Forrestania spots gold from the air

13 May 2022

ASX:FRS

Jack Baker

Forrestania Resources have defined several intriguing new gold target areas from an aerial geophysics survey over its cornerstone Forrestania Project 80 kilometres east of Hyden in Western Australia.

Also established was significant prospectivity across many projects with favourable follow-up settings.

The Forrestania Project comprises a consolidated 100 kilometres of the prospective Southern Cross Greenstone Belt with a promise of gold, nickel and overlooked lithium targets.

The company said the survey had improved geology interpretation across the area.

“Significantly, the survey has confirmed the presence of several north-wests orientated structures within the Great Southern and Black Prince prospect areas,” chief executive Angus Thomson said.

“These northwest orientated features strongly align with our existing high-grade rock chip results and geochemical anomalies in this area.”

The Perth-based company will continue to advance exploration across projects in established Western Australian goldfields.

FRS’ Australian Stock Exchange-listed share price was trading at 27c today (3:07 pm UTC+ 8 hours).

COMPANY OVERVIEW

Forrestania Resources Limited is an exploration company searching for gold, lithium and nickel in the Forrestania, Southern Cross and Leonora regions of Western Australia.

The Forrestania Project is prospective for gold, lithium and nickel and is currently the only project, within the tenement portfolio that holds a gold Mineral Resource. The Southern Cross Project is prospective for gold and lithium and the Leonora Project is prospective for gold.

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