Hamelin Gold (ASX:HMG) has secured a key exploration licence within the Venus Gold Project in the Murchison gold district, Western Australia.
Venus, now covering 300km2, lies to the southwest of the Comet and Tuckabianna gold corridors, both of which host more than 1 million ounce gold deposits.
Hamelin Gold, which has a market capitalisation of $15.27 million, is planning initial drill testing of the priority exploration targets in early 2026, following the completion of a heritage survey.
Detailed interpretation of aeromagnetic data has already uncovered numerous untested drill targets. The highest ranked target is a major bend or structural flexure in the Tuckabianna shear zone sitting beneath Lake Austin.
Managing Director Peter Bewick says a heritage survey will be conducted to clear planned drill areas and secure a lake drill rig.
“Hamelin applied for our first tenement in the Murchison region 12 months ago, following a dedicated regional project generation program,” Bewick says.
“The Murchison is one of Western Australia’s most prospective and high-profile gold districts with outstanding production results being reported from Ramelius Resources’ (ASX:RMS) Cue operations.
“Hamelin’s Venus Gold Project sits in the heart of the more than 15 million ounce Murchison goldfield, where the Tuckabianna gold corridor extends under Lake Austin.”
Hamelin Gold is an Australian precious metals explorer based in Perth.
Write to Aaliyah Rogan at Mining.com.au
Images: Hamelin Gold
