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Elk Range Mining Limited (ASX:ELK)

ALERT: Price-sensitive ASX Announcement for ELK
Current share price for ELK : $0.200 0.02 (11.11%)+
Announcement
Release
11 Aug 2026 8:20AM
Price at Release
$0.180
Full Release
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Summary
Elk Range Mining Limited is set to commence a maiden 2,850-meter drilling program at the Friday Gold Mine as part of its exploration initiative in Idaho, USA. The program, executed in collaboration with Black Cloud Drilling, aims to validate historical high-grade gold mineralization, improve geological confidence, and test the mineralized system's depth and strike potential. This marks Elk Range's transition from a newly listed company to an active explorer. With existing infrastructure and a brownfields exploration advantage, the initial eight-hole program will support future JORC Mineral Resource work, leveraging existing underground development and processing facilities. The program will utilize HQ triple-tube diamond core drilling to gather high-quality geological data. Near-term plans include progressing drilling activities, submitting samples for analysis, and evaluating further drilling opportunities based on initial results.
Key Points
  • Elk Range Mining Limited to begin 2,850m drilling at Friday Gold Mine.
  • Drilling agreement executed with Black Cloud Drilling.
  • Program aims to validate historical gold mineralization and enhance geological confidence.
  • Drilling to support JORC Mineral Resource work.
  • Brownfields exploration advantage due to existing infrastructure.
  • Eight-hole Phase 1 program to test depth and strike potential.
  • High-quality data collection using HQ triple-tube diamond core drilling.
  • Near-term focus on drilling, sample analysis, and evaluating further opportunities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.