Octava Metals Corp. has selected a drilling contractor for its Yallalong Antimony Project in Western Australia. The decision to appoint the contractor comes as the company aims to advance exploration work in the region.
The Yallalong Antimony Project is a prime focus for Octava because of its potential for significant Antimony deposits. Antimony is a crucial mineral used in various industries such as electronics, automotive, and more, due to its flame retardant, strength-increasing, and corrosion-resistant properties.
Anticipation is high and this move signals Octava’s commitment to stepping up its exploration activities, targeting Antimony-rich zones within the Yallalong project area.
The drilling contractor, whose name has not yet been disclosed, will be tasked with performing comprehensive drill testing on several targets within the project, identified through earlier surveys and sampling.
The contract’s goal is to firm up the project’s Antimony resource estimate and enable Octava to take the next steps in the project’s technical and economic assessment. The company expects it will also significantly enhance its understanding of the geological characteristics of the resource.
The selection of a drilling contractor is significant, further demonstrating Octava’s ongoing commitment to the Yallalong Antimony Project. It signals the progress of exploration activities and is a pivotal step in moving the project forward, aligning with Octava’s strategy to maximize shareholder value through the discovery and development of new mineral resources.