Hamelin Gold’s big spend for Q2

Ahead of Q2 2024, Hamelin Gold (ASX:HMG) says traditionally the next quarter is a ‘big spend’ for the company as it gears up for a deep diamond drill program within its Sultan West prospect as part of the West Tanami Project in Western Australia. 

In a lengthy interview with Mining.com.au, Managing Director Peter Bewick says: “We’re looking to conduct the first deep drilling on our Sultan West Project, which is a new area previously unexplored and we generated a significant gold anomaly which was then followed up with some shallow drilling.

In this game you can change your business with one drill program.”

Upon generating new and ‘large-scale’ gold targets within its West Tanami Project, as previously reported, the $11.49 million market capitalisation company is right on the cusp of testing some ‘high priority’ targets and is preparing for a maiden deep drilling program. 

The company plans to begin the first deep drilling program on that target in the coming months. 

Once this program has begun, Hamelin’s Managing Director explains that the project will begin to get the metres in the ground and test the next targets that have been generated from previously conducted exploration work. 

“We do know that a greenfields gold discovery, certainly in the multimillion ounce range, would be one of the catalysts that changes the sentiment towards explorers and history of showing that any discovery then leads on to a real rush of excitement and energy into, not only that commodity, but that region. 

We do hope to be at the forefront of that and put a big dot on the map. That is our job for 2024.”

The West Tanami Project is a belt-scale greenfields opportunity covering a 2,277km-square area. 

Hamelin Gold is a gold-focused mineral resources explorer established to execute modern exploration work across its West Tanami project. 

Write to Aaliyah Rogan at Mining.com.au   

Images: Hamelin Gold 
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.