Hamelin Gold (ASX:HMG) has identified a new 1,000m long, coherent gold anomaly through soil sampling conducted along the Sultan Corridor within the West Tanami Project in Western Australia.
The $13.7 million market capitalisation company says the anomaly is located on an interpreted flexure in the regionally extensive Sultan Fault within a previously unexplored sand-covered terrain.
Drilling is scheduled to begin in late October or early November this year on this new gold priority target.
Soil samples were analysed using CSIRO developed Ultrafine technology, which provided the most consistent and effective tools to detect the gold anomalism.
Commenting on the new target, Hamelin Gold Managing Director Peter Bewick says: “Following a series of trials and orientation geochemical surveys across the West Tanami, Hamelin determined surface soil sampling and analysis via the Ultrafine technology is a potentially powerful new tool to identify gold anomalism under thin transported cover.
“Approvals and permits are in place to drill test this exciting new, large-scale gold anomaly at Sultan in the coming months“
These covered terrains represent a new exploration search space and the results from our first regional survey are enormously encouraging. Approvals and permits are in place to drill test this exciting new, large-scale gold anomaly at Sultan in the coming months.”
The Sultan gold prospect is located in the northwest of the West Tanami Project.
Hamelin Gold is a gold explorer based in Perth, Western Australia. The company had a 2,489km-square landholding in the Tanami Gold Province.
As of 30 June 2023, the company had $7.7 million cash and cash reserves at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Hamelin Gold
