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Plc Resources Limited (ASX:PLC)
ALERT: Price-sensitive ASX Announcement for PLC
Current share price for PLC : $0.008 -0.001 (-11.11%)+
Announcement
Release
26 May 2026 8:26AM
Price at Release
$0.009
Full Release
Summary
PLC Resources Limited announced the completion of its maiden Reverse Circulation (RC) drilling program at the Rochefort Gold Prospect, part of the Abbotts North Project in Western Australia. The program consisted of five RC holes drilled to a total depth of 1,018 meters, aimed at testing a gold-in-soil anomaly and structural corridor within the Abbotts Greenstone Belt. Initial geological logging revealed intersections of quartz veining, sulphide mineralisation, and potassic alteration, indicative of gold-bearing hydrothermal systems. Samples have been sent for laboratory analysis, with results expected in 4 to 6 weeks. This marks a significant milestone for PLC in its exploration efforts, with future activities contingent on the assay results.
Key Points
- Completion of maiden RC drilling program at Rochefort Gold Prospect.
- Rochefort located within Abbotts North Project, Western Australia's Murchison region.
- 5 RC holes drilled totaling 1,018 meters.
- Intersected quartz veining, sulphide mineralisation, and potassic alteration.
- Samples sent for multi-element analysis and gold fire assay determination.
- Results expected in 4 to 6 weeks.
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.
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