The Tasmanian State Government, through the Exploration Drilling Grant Initiative (EDGI), offers grants for co-funded exploration drilling projects. The aim is to provide a stimulus to greenfields exploration in Tasmania. EDGI funds high-quality, technically and economically sound projects that promote innovative exploration or new exploration concepts and technology. The Government contribution to the AHL exploration proposal will be up to $50,000 for direct drilling costs for a co-funded 750m diamond drill hole at the Comstock prospect, Trial Harbour Road, near Zeehan. This will be the second EDGI co-funded drill hole undertaken at Comstock prospect by the Company.
The drilling of this new hole (designated as SY801) will further enhance the understanding of the Balstrup Fault Pb-Zn-Ag mineralisation previously intersected by EDGI drill hole SY800 in June 2019. A number of 3-4m (apparent-width) notable Pb-Zn-Ag intersections were achieved in the first hole, with two intervals containing over 10% combined Pb+Zn.
