Accelerate Resources Announces Mount Read Drilling Update

Accelerate Resources (ASX:AX8) has announced that the company has completed its first diamond drill hole at the Thomas Creek cobalt-copper-gold prospect in western Tasmania.

As highlighted in the press release:

First drill hole TCDD001 at Thomas Creek completed at 272.9m.

Drilling confirms a large IP Chargeability Anomaly and intersected highly altered volcanics from 40m near surface to the end of the hole.

A 15m zone of semi-massive sulphide intersected from 150.60m to 165.4m, downhole depth.

Second drill hole scheduled to commence today (April 27).

Click here to view the full Accelerate Resources Limited (ASX:AX8) press release.