Great Western Exploration (ASX:GTE) is planning a follow-up drilling program at its Yandal West Project in Western Australia after posting ‘high-grade’ gold results from the area.
The $10.10 million market capitalisation company says the results come from a ‘proof-of-concept’ drilling program comprising 4 drillholes along the Barwidgee Fault at Yandal West, and they demonstrate the potential for a ‘large’ gold system.
Great Western reports ‘significant’ results include hole 23YWRC023 with 4m @ 9 grams per tonne (g/t) Au from 39m and 7m @ 1.02g/t Au from 23m.
The company says assay results are open up to 2km to the south and 650m to the north from the drillhole.
Great Western also completed drilling on both the Jewel and Golden Orb electromagnetic (EM) targets in the south of Yandal West and encountered a 10m intercept of massive sulphide in hole 23YWRC021, as well as disseminated sulphides in hole 23YWRC020 at the EM plate which verified the anomalies.
However, no significant base or precious metal results were returned from either of the holes.
Great Western will now move forward with follow-up drilling at the Barwidgee Fault, which will focus on the area directly along-strike to the north and south of hole 23YWRC023. Follow-up drilling is scheduled to be completed in H1 2024.
Great Western Exploration is a copper, gold, and nickel explorer with a ‘world-class’ land position in Western Australia.
The company’s Yandal West Project lies within the Yandal Greenstone Belt about 55km north of the Bronzewing mine and 60km south of the Jundee Gold mine.
Great Western Exploration had $2.018 million cash and cash equivalents at hand as of 30 September 2023, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Great Western Exploration
