Copper, gold, and nickel explorer Great Western Exploration (ASX:GTE) has uncovered 3 large DeGrussa-style copper targets at its Fairbairn Project in Western Australia.
The $10.61 million market capitalisation company says these targets were uncovered by a fixed-loop electromagnetic (FLEM) ground survey program, which confirmed the targets are isolated and discrete bedrock conductors.
Great Western believes these targets are related to sulphide mineralisation with geological mapping and modelling data indicating the conductors represent blind DeGrussa-style volcanic-hosted massive sulphide targets.
The conductors were modelled between only 80-190m below surface, positioned along a government-mapped contact between a siltstone-shale and boulder conglomerate-sandstone units of the Yelma Formation within the Earaheedy basin.
The company notes it plans to drill test these targets in November this year once final access approvals are in place.
Great Western Exploration is an explorer with a world-class, large land position in prolific regions of Western Australia that have been underexplored or virtually unexplored.
The company’s wholly-owned Fairbairn project is located within the Earaheedy Basin and is considered prospective for base metals mineralisation.
The project is situated near the northern boundary of the Yilgarn Craton about 900km northeast of Perth.
Great Western Australia had $3.021 million cash and cash equivalents at hand as of 30 June 2023, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Great Western Exploration