Great Western Exploration (ASX:GTE) has received assays which demonstrate potential to extend known mineralisation following a reverse circulation (RC) drilling program at the Harris’ Find deposit within its Yandal West Project in Western Australia.
The company says results, generated by a phase two RC drilling program, demonstrate predominantly narrow low-grade intervals of mineralisation from within the targeted mineralised structure.
However, despite the low-grade results assays confirm that the targeted mineralised structure is open 3km to the north from Harris’ Find along the Barwidgee Fault, which has returned previously reported anomalous rotary air blast (RAB) drilling results and ‘high-grade rock-chips along strike.
Great Western Exploration notes all RC holes completed intersected the targeted mineralised structure and will now move forward with re-ranking of the project alongside other projects/targets within its portfolio.
Drilling was completed in January 2023 and was designed to extend ‘high-grade’ mineralisation below and along strike of previously announced ‘significant’ drill intercepts
Drilling was completed in January 2023 and was designed to extend ‘high-grade’ mineralisation below and along strike of previously announced ‘significant’ drill intercepts.
The company also notes these results have been delivered following the completion of an ‘extensive’ airborne gravity gradiometry survey over its Yerrida North Joint Venture (JV) Project alongside partner Sandfire Resources (ASX:SFR), as announced by the Great Western in last month.
Great Western reports the gravity survey was conducted to provide a breakthrough in understanding of fault displacement of prospective basin units, potentially identifying new targets including obscured and blind deposits. Interpretation of the data was anticipated to be completed by early-March 2023.
Great Western Exploration is an ASX-listed copper, gold and nickel exploration company with a large land position across ‘prolific’ regions of Western Australia. It is reported tenements held by the company are underexplored or virtually unexplored, however numerous field work programs across multiple projects are currently ongoing.
The company reports it is well-funded with a tight capital structure, which provides leverage upon exploration success.
Great Western’s Yandal West project is located within the ‘world-class’ Yandal Greenstone Belt about 55km north of the Bronzewing Gold Mine and 60km south of the Jundee Gold Mine. The company currently holds a 100% interest in tenement E53/1369, with an additional 80% interest in tenements E53/1612 and E53/1816.
Other assets included in the company’s exploration portfolio include the Firebird Gold, Golden Corridor, Fairbairn, Yerrida South, and Yerrida North JV projects.
Images: Great Western Exploration Limited
