High-Tech Metals (ASX:HTM) said a review of historical drilling data at the Southern, Galway, and Mt. Eureka prospects within the Mt. Eureka gold project in Western Australia identified multiple high-priority targets based on geochemical, structural, and geophysical interpretation, according to a Friday Australian bourse filing.
It recently entered a legally binding term sheet to acquire 100% of Rox Resources's (ASX:RXL) interest in the Mt. Fisher gold project and acquire a 51% stake in the Mt. Eureka gold project.
It plans to conduct 15,000 meters of air core, reverse circulation, and diamond core exploration and resource extension drilling campaigns, once the acquisition is completed and all approvals have been granted.
It is also reviewing base metal potential across the Mt. Fisher and Mt. Eureka project areas.
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