REG - Geo Exploration Ltd - Juno Project – Drilling Update

GEO ExplorationAnnouncement

23/10/2025 07:00

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RNS Number : 4727E  Geo Exploration Limited  23 October 2025

 23 October 2025

 GEO Exploration Limited

 ("GEO " or the "Company")

Juno Project - Drilling Update

 

 Highlights

 ·      Drilling of diamond hole JUD002 complete.

 ·      Drill core for JUD001 and JUD002 now at laboratory with assay
 results due this quarter.

 ·      Company pleased with progress at Juno Project following first two
 drill holes.

 ·      Next phase of drilling scheduled for early 2026.

 GEO Exploration Limited (LSE AIM: GEO) is pleased to announce the following
 update on drilling activities at its Juno Project in Western Australia.

 Further to the drilling update provided on 19 September 2025, the Company
 advises that drill hole JUD002 is complete and drill core has been promptly
 dispatched to the laboratory for analytical work. Assay results are expected
 to be received by the Company during the current quarter.

 Drill hole JUD002 achieved a total depth of 774.7m and successfully
 intersected the targeted rock sequences. Good progress was made drilling
 JUD002 and the hole was completed in a professional and safe manner by the
 drill contractor.

 Drilling of both JUD001 and JUD002 advanced as planned, intersected the
 expected rock sequences and achieved adequate depths to assess targets in the
 drill hole locations.

 The Company is encouraged by the progress achieved to date at the project and
 will look to commence Phase 2 of drilling once the necessary approvals are in
 place, which are expected during the current quarter. Due to seasonal hot
 weather conditions, the Company will be drilling at Juno at the earliest
 opportunity in 2026.

 The Juno Project is a greenfield licence in a region that, historically, has
 seen very little modern exploration. GEO is among the first movers in this
 underexplored region, pursuing the opportunity to unlock what could become a
 district-scale discovery.

 Completion of JUD001 and JUD002 marks an important first step in building an
 understanding of the system at Juno, which spans an interpreted footprint of 4
 km by 2 km. The Company remains committed to systematic, methodical
 exploration to fully evaluate the scale of this highly prospective target.

 Historical records show sporadic exploration was carried out across the Gorge
 licence in the mid to late 1980s and late 2000s. This work identified several
 areas of gold mineralisation at surface over a strike length of approximately
 5km (Figure 1).

 In the mid to late 1980s broad spaced stream sediment sampling, soil sampling,
 rock chip sampling, and Rotary Air Blast (RAB) drilling was completed within
 the licence area. Drainage sampling returned gold results including 192ppb and
 75ppb and was successful in outlining several areas hosting gold
 mineralisation at surface. Rock chip sampling at these areas returned gold up
 to 62.2g/t from quartz veins and 35.7g/t from calcareous sediments. Soils
 returned up to 233.3g/t gold and shallow RAB drilling of seven holes returned
 highest result of 36g/t gold.

 Follow up work in the late 2000s included ground reconnaissance and sporadic
 rock chip sampling. Rock chip results peaked at 134g/t gold and mineralisation
 was identified over more than 5 kilometres of strike. Several historical hard
 rock gold workings with associated alluvial and eluvial areas were located
 within this zone. A number of alluvial areas were also identified that has no
 related historical hard rock workings.
 Callum Baxter, GEO's Joint Venture Partner, commented:

 "I am pleased JUD001 and JUD002 are complete and that drilling to date has
 been carried out in a safe and efficient manner. Both holes successfully
 intersected all anticipated rock sequences and the field team performed
 exceptionally well. I look forward to additional drilling following receipt of
 the necessary approvals."

 Omar Ahmad, CEO of GEO Exploration Limited, commented:

 "Completion of drilling of the first two holes at Juno Project represents a
 significant step forward for GEO. These initial holes provide valuable
 geological insights into a largely untested system that we believe holds
 exceptional potential. With assays due this quarter and further drilling
 planned for early 2026, we are building real momentum in what could become a
 district-scale discovery."

 The information contained within this announcement is deemed by the Company to
 constitute inside information under the UK Market Abuse Regulations ("MAR").
 Upon the publication of this announcement via a Regulatory Information Service
 ("RIS"), this inside information is now considered to be in the public domain.

 

 

 For further information please visit: www.geoexplorationlimited.com
 (http://www.geoexplorationlimited.com) or contact:

 GEO Exploration Limited                              investors@geoexpltd.com

 Hamza Choudhry, CFO and Executive Director

 SPARK Advisory Partners Limited (Nominated Adviser)  +44 (0) 20 3368 3555

 Andrew Emmott, Dillon Wall

 CMC Markets (Joint Broker)                           +44 (0) 20 3003 8632

 Douglas Crippen

 SI Capital Limited (Joint Broker)                    +44 (0) 14 8341 3500

 Nick Emerson

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 This announcement has been issued by and is the sole responsibility of the
 Company.

 

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