EQ Resources conducted a 511m drill program at the Telephone Line prospect in Panama Hat.

The program, designed to identify an oxide gold component, was carried out in line with an agreement signed with Sozo Resources in November 2021.

The project gathered 220 samples from 14 air core and reverse circulation holes for testing at a laboratory in Brisbane, with results expected in early 2023.

Four priority gold targets were identified in the exploration area, many of which have deposits grading up to 35.1g/t Au.