Perpetual Resources Obtains Data from Over 400 Historical Drill Holes at Nevada Tungsten Project
2026-06-22 15:36
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en.Wedoany.com Reported - Perpetual Resources (ASX:PEC) has recently obtained a comprehensive technical archive covering a brownfield tungsten project in Nevada, USA. The archive includes records from over 400 historical drill holes, detailed geological cross-sections, mine plans, level plans, longitudinal sections, and related technical documents.

The company stated that the archive covers decades of exploration, development, and mining activities at the project, which can accelerate its technical plans and save significant costs in data acquisition. Perpetual Executive Chairman Julian Babarczy noted that the database immediately adds technical depth to the Nevada project, which is located in one of the world's leading mining jurisdictions. He said the information provides Perpetual with a significant advantage, as the company is not starting from scratch but can leverage decades of drilling, geological interpretation, and mine development work to build a modern 3D geological model and deepen its understanding of the mineralized system. Babarczy also emphasized that the preserved drill core is another important part of the archive, expected to support future geological verification and analytical work, provided it is successfully reconciled with historical records. This dataset has the potential to significantly accelerate the technical assessment and progress of Nevada Scheelite, with digitization work underway.

The digitization plan aims to compile and validate historical materials into a modern geological database. The archive includes information from past work by Union Carbide, the US Bureau of Mines, and the Defence Minerals Exploration Administration, providing Perpetual with a larger technical foundation for building its understanding of the mineralized system. Perpetual plans to use the database to drive improved geological interpretations, optimize exploration targets, and deepen its understanding of the geometry and controls of tungsten mineralization.

Perpetual has confirmed the storage of a significant amount of historical diamond drill core at a dedicated project facility. Preliminary inspections indicate the core is generally well-preserved, and the company is undertaking core logging and reconciliation with historical drilling records. Once verified, these materials can support geological validation, analytical work, and future JORC resource estimates. The broader historical archive also includes geological cross-sections, longitudinal projections, and mine development plans, which are expected to provide the company with a clearer starting point regarding the geometry and continuity of mineralization. Digitizing these materials is expected to lay the foundation for a modern 3D geological model, guiding subsequent exploration and technical assessments.

Perpetual's geological team will visit Nevada Scheelite while the digitization and compilation of historical drilling and geological data continues. Work will include verifying drill hole records, reconciling survey data, logging preserved core, and constructing a 3D geological model, which is expected to help identify priority exploration and resource targets.

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