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Highlights:

  • Albion Resources intersects gold in all 12 RC drill holes at Collavilla Prospect
  • ALB Best result returned 11m at 20.0 g/t Au from 17m depth, including 1m at 106.9 g/t Au
  • ALB 1,900m of 3,000m RC program completed; assays pending for remaining 1,300m

Albion Resources Ltd (ASX:ALB) has reported gold mineralisation across all 12 returned assay results from its maiden reverse circulation (RC) drilling campaign at the Collavilla Prospect, part of its 100%-owned Yandal West Gold Project in Western Australia’s northeastern Goldfields. The company is targeting multiple high-priority gold zones in the highly prospective Ives Find granite and surrounding greenstone terrane.

The initial results, covering 570 metres of drilling, tested a small 100m x 100m area within a much larger 4 km x 750 m granite-hosted gold system. One hole was abandoned, but every completed hole returned gold intersections, with mineralisation occurring near surface at average drill depths of approximately 44 metres. The standout intercept came from hole ALBRC006, which returned:

  • 11 metres at 20.0 g/t Au from 17m, including
  • 5 metres at 38.9 g/t Au, and
  • 1 metre at 106.9 g/t Au

This high-grade quartz vein is surrounded by a broader halo of lower-grade mineralisation in altered granite, recalculated as 21 metres at 10.5 g/t Au from 16m using a 0.1 g/t Au cut-off. Other notable results include:

  • 12m at 1.3 g/t Au from 4m, including 1m at 6.0 g/t Au (ALBRC007)
  • 9m at 1.6 g/t Au from 11m, including 6m at 2.3 g/t Au (ALBRC009)

Both holes were drilled near historical shafts and intersected mineralisation surrounding voids. A new geological interpretation suggests a link between high-grade gold veins and structurally entrained mafic greenstone rafts within the Ives Find granite. Albion has initiated a ground gravity survey to map potential concealed mafic rafts beneath the surface and identify further drill targets. Drilling in the southwestern portion of the Collavilla prospect identified broader alteration halos and narrow quartz-sulphide veins. Intercepts included:

  • 7m at 0.6 g/t Au from 35m, including 1m at 2.3 g/t Au (ALBRC013)
  • 11m at 0.3 g/t Au from 4m, including 1m at 1.1 g/t Au (ALBRC011)
  • 6m at 0.4 g/t Au from 13m, including 2m at 0.7 g/t Au (ALBRC010)
  • 14m at 0.14 g/t Au from 12m (ALBRC012)

The area remains open to the west and south, near the granite–greenstone contact, which may host additional mineralisation along a structural corridor. Drilling in the northern zone returned modest grades but identified alteration zones and quartz veining.

  • 2m at 1.9 g/t Au from 28m, including 1m at 2.9 g/t Au (ALBRC001)
  • 16m at 0.2 g/t Au from 1m (ALBRC002)
  • 8m at 0.2 g/t Au from 9m (ALBRC003)

These results support ongoing evaluation of the northern section for potential high-grade shoots at depth. To date, 1,900 metres of a planned 3,000-metre RC drilling program have been completed across the Collavilla, Collavilla East, Collavilla West, and Barwidgee Central targets. Approximately 1,100 metres of drilling remain, with assay results pending for around 1,300 metres. Drilling is set to resume in early August following a scheduled break. In parallel, a ground gravity survey is underway to refine structural targets and map additional dense mafic zones within the granite, a feature now believed to be associated with the high-grade mineralisation intersected. Albion is also reviewing data from the nearby May Queen prospect for potential inclusion in future drilling campaigns.

ALB trading at 95.65% higher at AUD 0.14 per share as on 25 july 2025.