SI6 Metals Limited reported that the planned 120 hole, 6,000m Phase Three aircore drilling program at the Monument Gold Project (MGP) has been completed with a total of 119 holes drilled for 5,636m. Drilling was undertaken across four target areas including Fred's Well, North Well, Korong felsic intrusion and geological strike extensions to Glencore's Murrin Murrin Nickel-Cobalt operation. Si6's 100%-owned MGP currently contains a 3.3Mt @ 1.4g/t Au for 154koz gold resource along the banded iron formations (BIF).

Drilling for Si6's current 154koz gold resource was completed in 2021 with the resource calculated by CSA Global and announced mid-2021. MGP contains multiple target styles of gold mineralisation including BIFs and basalt-hosted, however, significant potential for large-tonnage deposits exists in the intrusion hosted targets. At Fred's Well, promising complex geology was encountered in the latest program over the tested 750m strike length with mafic and felsic volcanics, chert, sediment, ultramafic and intrusive porphyry intersected.

Drilling was also designed to target down-dip extensions to mineralised structures observed in significant historic workings which to date have never been drill tested. At North Well, 1,750m of strike was drill tested along an interpreted structural corridor following up on wide zones of gold mineralisation (>0.1g/t Au) intersected in the supergene horizon in May 2022 where aircore drilling intersected 8m @ 0.98g/t Au (including 4m @ 1.84g/t Au). Complex geology was also intersected with quartz-rich granite, porphyry, sediments and mafic volcanics identified with a number of chlorite-altered quartz veins present near the interpreted structure.

Drilling along strike and south of the Korong felsic intrusion intersected several porphyritic felsic dykes hosted in mafic volcanics with quartz veining observed along the intrusive contacts. Maiden drilling along the geophysically-interpreted ultramafic rock unit extending from Glencore's Murrin Murrin nickel-cobalt operation along the eastern contact of the Monument Granite intersected quartz-rich granite, gabbro, dolerite, amphibolite and gneiss. The high-grade metamorphic rocks (amphibolite and gneiss) coincide with the approximate position of the Celia Tectonic Lineament and will be further investigated for potential gold mineralisation.

All samples (4m composites with 1m end of hole sample) will be submitted to ALS Laboratories in Kalgoorlie for gold and multi-element analysis shortly. Assay results are expected mid December 2022.