Hamelin Gold (ASX:HMG) is embarking on a series of investor roadshows across Western Australia and the East Coast, culminating in attending the RIU Sydney Resources Roundup conference from 9-11 May.
Speaking to Mining.com.au, Managing Director Peter Bewick says Hamelin Gold will have an exhibition booth at the conference, which comes at a unique and busy time for the company.
Bewick tells this news service while the Hamelin Gold story is only now emerging, the main messages he hopes to convey on the road encompasses everything from drilling to the uniqueness of its strategy to uncover gold mineralisation.
“We’ll be alerting brokers to the commencement of the 2023 drilling campaign, as well as the new insights that has led to the identification of a series of new drill targets – particularly the bismuth/gold story and the structural re-interpretation.”
Hamelin’s West Tanami project is a belt-scale greenfields opportunity hosting the same geology and key structures as Newmont’s 14 million-ounce Callie Operations with minimal modern exploration completed across the Hamelin landholdings.
The company is incorporating a modern exploration approach to a prospective yet underexplored area in the Tanami Gold Province.
“We’ll be alerting brokers to … new insights that has led to the identification of a series of new drill targets – particularly the bismuth/gold story…”
As reported by Mining.com.au, the region has had ineffective historical drilling and is in need of new exploration techniques to better understand the regolith and structural controls of the area.
Hamelin launched an R&D program last year to evaluate the effectiveness and applicability of novel surface geochemical techniques to its gold exploration. A second study investigated the mobility and behaviour of potential pathfinder elements in the deeply weathered and leached regolith profile in the West Tanami.
While arsenic has historically been the preferred gold pathfinder element of previous explorers, Bewick says he will be informing brokers about how Hamelin recently conducted a review of available geochemical data demonstrating that arsenic correlates poorly with gold mineralisation in the region and is considered unreliable or is an inaccurate indicator.
Analysis of all multi-element geochemical data instead identified that primary gold mineralisation has a ‘remarkably’ high correlation with bismuth. About 30% of all surface geochemical and drillhole samples in Hamelin’s database have been analysed for bismuth, which is highly immobile in the weathering environment. This means it does not get extensively leached away or reprecipitated during weathering processes and is considered a proven pathfinder element to gold mineralisation.
The combination of the new geochemical learnings and the structural reinterpretation has delivered a suite of ‘high quality’, camp-scale gold targets across the West Tanami. The MD says he’ll be explaining on the roadshows that new target areas include the Newkirk, Sultan and Far Southwest corridors, and the Olsen target, which is poised to keep the company drilling for some time.
Hamelin Gold is an ASX-listed exploration company based in Perth, Western Australia and has a landholding of 2,500km-square in the Tanami Gold Province. The province is prospective for tier one gold deposits and for rare earth element deposits.
Write to Adam Orlando at Mining.com.au
Images: Hamelin Gold Ltd
