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FINWIRES

Minerals 260 Says Drill Results Continue to Support Resource Upgrade at Western Australia Project

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Minerals 260 (ASX:MI6) said recent drill results from its Bullabulling Gold Project in Western Australia continue to support a resource upgrade, according to a Tuesday Australian bourse filing.

The results were up to 15 meters at 3.8 grams per tonne (g/t) gold from 24 meters and 3 meters at 5.8 g/t gold from 156 meters, including 1 meter at 46.9 g/t gold from 31 meters.

The company said results confirm the continuity of mineralization within the 4.5 million ounce mineral resource estimate (MRE) and extensions of mineralization beyond the MRE boundaries, supporting the conversion of inferred resources to indicated classification.

The maiden ore reserve and pre-feasibility study remain on track for release in July, with an updated MRE scheduled for August, the company added.

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