Key Highlights
- The diamond drilling rig arrived at the Globe Gold Project and drilling has commenced.
- Phase one covers about 540 metres of diamond drilling across eight holes.
- Historical RC drilling returned 3 metres at 5.17 grams per tonne gold from 9 metres.
- Rock chip sampling at the Globe Shaft returned up to 26.5 grams per tonne gold.
Jacaranda Natural Resources Limited (ASX:JRL) announced on 30 October 2026 that diamond drilling is under way at its Globe Gold Project in Botswana. The company said the diamond rig reached the site the previous day and drilling has started. The program targets the depth and strike extensions of known gold mineralisation at the project.
The Phase One Drilling Program
The first phase covers approximately 540 metres of diamond drilling across eight holes. The holes are positioned beneath high-grade gold identified at the surface and in shallow historical drilling.
The aim of the program is to test the depth and strike extensions of mineralisation. The company describes the work as focused, reflecting the defined set of targets chosen for the first stage.
Historical Results Referenced
The announcement refers to previously reported results from the project. Historical RC drilling returned 3 metres at 5.17 grams per tonne gold from 9 metres in hole TGRC0017.
Rock chip sampling at the Globe Shaft returned up to 26.5 grams per tonne gold, and more recent grab sampling at the same location returned 17.9 grams per tonne gold. These results were all reported previously in the company's prospectus.
Context for the Drilling
The company is an ASX-listed exploration business focused on the Globe Gold Project. The diamond drilling is the first phase of work aimed at confirming how the known gold zones continue beyond their current limits.
Results from the new holes will be needed before the company can make any assessment of the mineralisation's size or continuity. The announcement does not give a timetable for those results.
Final Word
Jacaranda's diamond drilling at Globe marks the start of a focused program beneath historically identified high-grade gold. The historical results cited in the announcement were reported earlier and are not new data from the current program. Results from the eight holes will show whether the known mineralisation extends at depth and along strike.





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