Peak Minerals: Receives $132k grant for Earaheedy drilling

Peak Minerals Receives $132k grant for Earaheedy drilling

• Peak Minerals (PUA) receives a $132,000 grant from the WA Government’s Exploration Incentive Scheme for the Earaheedy Project in Western Australia
• The grant will be used to fund 50 per cent of the direct drilling costs with two diamond holes planned at the Cork Tree prospect
• The aim of this drilling is to define the source and style of the mineralisation, map key stratigraphic units, define structural conduits and test newly defined VTEM anomalies
• There were 103 applications for the grant and Peak was one of the 47 successful candidates
• Peak ends the day in the grey with shares trading at 1.2 cents