-- Forrestania Resources (ASX:FRS) disclosed a mineral resource estimate (MRE) for the Ada Ann Deposit at its Coolgardie gold hub in Western Australia, totaling 204,500 tonnes at 2.76 grams per tonne gold for 18,160 ounces at a 0.5 g/t gold cut-off, up 46% from the previous estimate, according to a Monday Australian bourse filing.
The company said the updated MRE includes a maiden indicated resource of 117,100 tonnes at 2.60 g/t gold for 9,780 ounces, representing 53% of the total resource.
The company added that further work is planned, including resource extension drilling along strike and down dip, diamond core drilling to facilitate metallurgical test work, environmental baseline studies, and conceptual mining studies, with an approved 50-hole drill program currently in place.