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Elk Range Mining Limited (ASX:ELK)

ALERT: Price-sensitive ASX Announcement for ELK
Current share price for ELK : $0.165 -0.015 (-8.33%)+
Announcement
Release
20 Aug 2026 8:16AM
Price at Release
$0.180
Full Release
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Summary
Elk Range Mining Limited announced the commencement of its maiden diamond drilling program at the Friday Gold Project in Idaho, USA, following its ASX listing. The Phase 1 program involves eight diamond drill holes totaling approximately 2,850 meters, targeting historical high-grade mineralisation and extensions of the mineralized system. The initiative aims to integrate new results with historical data to advance towards a JORC-compliant Mineral Resource, leveraging the project's existing underground development and infrastructure.
Key Points
  • Elk Range Mining Limited has commenced a maiden diamond drilling program at the Friday Gold Project in Idaho, USA.
  • The Phase 1 drilling program includes eight planned diamond drill holes totaling approximately 2,850 meters.
  • The drilling targets historical high-grade mineralisation, resource definition, and extensions of the Friday mineralized system.
  • The first hole aims to validate historical intersections and explore deeper extensions of the mineralized system.
  • Results from the drilling will be integrated into Elk Range’s historical drilling and mining database.
  • The project benefits from existing underground infrastructure, allowing focus on drilling and resource definition.
  • Elk Range aims to achieve a JORC-compliant Mineral Resource for the Friday project.
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.