Tombola has negotiated access approval with a landowner to explore another section of its Mt Freda lease in North West Queensland.
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In January, Tombola got environmental approval for its Mt Freda gold operation, 40km south-east of Cloncurry.
Now the company has completed a Conduct and Compensation Agreement to gain access approval from the landowner for a lease, now known as 'Musk', located 6kms south of Mt Freda, with outcropping copper and cobalt mineralisation.
Tombola told the ASX this week a reverse circulation drill will arrive at Musk on April 25 with six drill pads already constructed.
Tombola said drilling at Musk will test the outcrop beneath an old working shallow mine shaft to determine the continuity and grade of the outcropping copper and cobalt mineralised zone.
They assayed grades of up to 3.1% Cobalt, 11.25% Copper and 8.56 g/t Gold at Musk in late 2021 and say the focus remains on near term gold production from the flagship Mt Freda Gold Mine, with first cashflow on track for the third quarter this year.
Tombola Gold Managing Director, Byron Miles, said the Musk area has already shown its meaningful potential with the 2021 assays.
"The outcropping Copper and Cobalt mineralisation and multiple historical Copper, Gold and Cobalt mines ultimately has the potential to increase the Resource of the Tombola Complex," Mr Miles said.
"The Company has also commenced a 2,500 metre drill program at Golden Mile and Trump, with two rigs already on site and drilling ahead.
"Importantly, the Company remains focused on fast tracking to gold production at Cloncurry with first cash flow on schedule for Q3, 2022."
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