Hamelin Gold (ASX:HMG) has begun the second phase of aircore (AC) drilling at its West Tanami Project in Western Australia after uncovering a ‘major’ extension of the Fremlins gold system.
The $13.23 million market capitalisation company says this new extension has been identified from the first phase of drilling and defines the Fremlins gold system as over 9km in length.
The company reports results from the first phase of drilling also highlight anomalous gold below the 3km-long geochemical target south of Fremlins.
Hamelin also notes it will drill test the remainder of the 3km-long anomaly at Fremlins in the 2024 field season once a heritage survey has been completed and all regulatory approvals are in place.
Hamelin Gold Managing Director Peter Bewick says this discovery is a testament to work completed over the past year.
“Our understanding of the geology and mineralisation within the West Tanami has advanced significantly over the past 12 months. We have seen indications of intense, near-surface leaching of gold across the project which brings into question the effectiveness of shallow drilling.
This has now been confirmed with a broad zone of anomalous gold discovered at Fremlins below historical 7m-deep RAB drillholes. This means the 3km-long gold geochemical anomaly at Fremlins South remains ineffectively tested and expands the Fremlins gold system to a strike length of 9km.”
Hamelin Gold is a gold explorer based in Perth, Western Australia that currently has a landholding of 2,489km-square within the Tanami Gold Province.
The company’s West Tanami project represents a ‘belt-scale’ greenfields opportunity that has the same geology and key structures as seen at Newmont Mining’s (ASX:NEM) Callie Operations, with minimal modern exploration completed.
Hamelin Gold had $7.697 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: Hamelin Gold