Hamelin Gold shines 36% higher on ASX as drills begin spinning at West Tanami Project

Mineral resource explorer Hamelin Gold (ASX:HMG) has begun a reverse circulation (RC) drilling program at its West Tanami Project in Western Australia.

The company says the 2023 program will initially focus on the Sultan prospect in the far northwest of the project. The 1,200m RC drilling program in the area will follow up a single diamond drillhole completed in late 2022. 

Additional RC holes have also been planned further south, targeting a previously untested southern granite contact. Hamelin expects this drilling will be completed within the next 2 weeks, with assay results expected in June or July 2023.

The company’s share price had risen more than 36% on the ASX to $0.150 as of 4.20pm AEST on the back of the announcement.

Hole TSD0007 was completed to test for a bedrock gold source beneath a more-than-1km-long gold and bismuth soil anomaly. Additionally, Hamelin says the hole intersected ‘high-grade’ gold mineralisation at the contact between a granitoid intrusion and a package of sediments and mafic rocks.

TSD0007 intersected 7.6m @ 3.2g/t Au from 326.2m, including 1.1m @ 15.9g/t Au from 329.7m.

Hamelin also reports RC drilling will target the Fremlins gold prospect in May 2023 to test the interpreted antiform fold axis below the dolerite unit. The company says additional holes will be completed to follow this corridor along strike if the initial RC drilling is successful.

Fremlins is located 8km south of the Coyote Gold Mine, and Hamelin notes hole TLD0001, which was drilled into the eastern gold corridor, intersected a thick sequence of metasediments and a 45m-thick dolerite unit.

The company reports structural information confirms the hole is located on the western limb of the antiform, with the important fold axis position remaining untested to the east.

The company reports structural information confirms the hole is located on the western limb of the antiform, with the important fold axis position remaining untested to the east

Hamelin also reports a surface geochemical program is set to commence in May to test a series of new camp-scale gold targets across West Tanami, and a major aircore (AC) drilling program will start in June to conduct the first systematic drilling over the large-scale Newkirk, Olsen, and Southern Fremlins gold prospects.

Hamelin Gold is an ASX-listed mineral explorer established to execute exploration at its wholly owned West Tanami Gold Project in the Tanami Desert in Western Australia. The project covers 2,277km-square of land immediately west of the border with the Northern Territory and comprises 100km of strike along the Trans-Tanami Structure.

The company says all prospects demonstrate gold mineralisation within faults and complex folded structures and in many areas with defined stratigraphic units or contacts between units.

Images: Hamelin Gold Ltd
Written By Harry Mulholland
Hailing from the Central Coast region of NSW, Harry is a passionate journalist with a background in print, radio and ESG news. When not bashing away on his keyboard, he can be found brewing a coffee or playing with his dog.