Elk Range Mining Limited (ASX:ELK)

Elk Range Mining Limited (ASX: ELK) announced completion of its maiden diamond drill hole, 26FRD001, at the Friday Gold Project in Idaho, USA, to a final depth of 1,105ft (336.8m), with additional visible gold identified at approximately 407ft, 455ft, 524.5ft and 767ft downhole, adding to the previously reported visible gold at around 402ft; importantly, the 455ft, 524.5ft and 767ft occurrences are beyond the 450ft end-of-hole of the historical parallel hole PFR2014_06, supporting potential depth extension of the mineralised system, while the deepest occurrence comprises native gold along a narrow veinlet extending for more than 1cm; the hole recovered high-quality oriented HQ3 core through sheared ground, allowing Elk Range to collect its first structural dataset directly tied to visible gold and to better interpret structural controls, veining, alteration and pyrite associations at Friday, although the company emphasised that visual mineralisation is not a proxy for grade and assays are required before any conclusions on grade, continuity or width can be made; samples from 26FRD001 and quarter-core resampling of the historically mineralised interval in PFR2014_06 have been dispatched for analysis, with first assay results expected in late October to early November 2026, and a second hole, 26FRD002, is already underway on a 24-hour basis as part of an eight-hole Phase 1 program designed to infill historical drilling and support a future JORC-compliant Mineral Resource estimate.