Tivan begins maiden 1,500m drill program
Key points
- Tivan has commenced a maiden diamond drilling campaign at the Scorpion Prospect within the Baucau Project.
- Following the announcement, the company's shares were unchanged at $0.15.
- The program aims to gather the first subsurface geological data across a prospective 2.3-square-kilometer target area.
Tivan (ASX:TVN) commenced a maiden diamond drilling program of up to 1,500m at the Scorpion Prospect within its Baucau Project in Timor-Leste.
The maiden drilling campaign follows previous surface exploration that identified a polymetallic geochemical anomaly extending approximately 1,000m by 800m.
The program comprises up to six stratigraphic diamond drill holes targeting copper-gold prospectivity across a 2.3-square-kilometer area.
Tivan Executive Chairman Grant Wilson commented, “This sentiment extends across our Australian and Timor-Leste-based teams, to the community at Ossoala, who have made us feel so welcome, through to local leadership, which notably includes veterans and the church, to the highest levels of the Government of Timor-Leste.”
Contractor PT Indodrill Indonesia mobilized a man-portable diamond drill rig to the concession site following regulatory approvals granted on Oct. 26.
Following the announcement, the Tivan share price was unchanged at $0.15.
The company stated that drilling operations are expected to take approximately two months, with assay results anticipated early in the first quarter of 2027.
The drill data will be used to evaluate subsurface mineralization potential and guide future exploration planning across the Baucau concession.
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