The company has contracted EcoDrilling to carry out the nine hole program totalling 3000m that is expected to begin in early October 2025.
Uvre (ASX:UVA) Waitekauri project is a brownfields play 8km west of OceanaGold Corporation’s 10Moz Waihi gold mine, and along trend from three other +1Moz gold deposits in WKP, Golden Cross and New Talisman Gold’s Karangahake.
Drilling will focus on the Jubilee prospect, which has historical production of 260,000oz of gold and silver at an average grade of 48g/t gold+silver and is believed to be a potential extension of Karangahake.
Drill targeting will be based on the historical mining, trenching and strong rock chip assays up to 18.4g/t from recent reconnaissance sampling.
It may also test recently located untested outcropping epithermal structures south of the Scotia prospect.
“Waitekauri ticks every box you could wish for in an early-stage exploration project, ranging from highly prospective geology and high-grade samples through to multi-million-ounce neighbours,” executive chairman Brett Mitchell said.
“This drilling program will give us the first opportunity to test the resource potential at the historic Jubilee mine, which we consider a highly prospective gold project.
“Our confidence in the potential of Waitekauri is further strengthened by the historic underground trenching results from Jubilee which we have located in preserved historic exploration data.
“These Jubilee underground channel sample results from Cyprus Gold NZ work programs in 1991 are extremely valuable as we define our priorities for this upcoming drilling program.”
