Hamelin Gold (ASX:HMG) is preparing for reverse circulation and diamond drilling programs at its Jazz prospect within the West Tanami project in Western Australia, following surface sampling and aircore drilling completed last year.
The reverse circulation drill program will target a 2,000m zone at the intersection of the Sultan gold corridor and the inferred northwest trending structure, scheduled to commence in June 2025 following the conclusion of the Fremlins South program.
Drill sections will test for extensions at depth and along strike of anomalism, which was first identified in the aircore drill program last year to create a more detailed geological and structural interpretation of the area, as reported by Mining.com.au.
The company expects the two structural trends to hold fracturing of the brittle granitoid and generation of focused pathway gold mineralising fluids, following the deformation noted.
Diamond drilling will take place in late August.
Hamelin, which has a market capitalisation of $17.71 million, is currently undergoing reverse circulation drilling at its Fremlins South Project to target the core of the surface gold anomaly identified in previous surface sampling.
Geochemical data prompted by the surface sampling program indicates a gold anomaly to be 4km in length, with a depth of 7m identified in historical drilling. Aircore sections and reverse circulation drillholes have confirmed the strength of an anomaly beneath the lag anomaly.
Both programs will be funded by the Western Australian Government through its Exploration Incentive Scheme. Mining.com.au reports that the government doubled funds allocated to this scheme in January 2025.
Hamelin Gold is a mineral resources exploration company focused on developing gold prospects at its wholly owned West Tanami Gold Project in Western Australia.
Global gold supply increased by 1% year-on-year to reach 4,974 tonnes in 2024, as ever rising prices pushed up gold recycling and primary production. Canada, Australia, Papua New Guinea, and Central and South America are all forecast to lift their gold mine production in 2025, with expansions in existing projects and higher output offsetting output falls in Indonesia.
Australian gold output rose to 72 tonnes in Q4 2024. Australian gold output is projected to increase to 377 tonnes a year by 2029-30 (from 289 in 2023-24), with output lifting across multiple large-scale operations and new projects coming online.
Write to Maddison Elliott at Mining.com.au
Images: Hamelin Gold
