Mineral resource explorer Hamelin Gold (ASX:HMG) is moving forward with various exploration activities in its search for an ‘elephant’-sized discovery in the Tanami region of Western Australia.
At the Australian Gold Conference in Sydney this week, the $14.01 million market capitalisation company’s presentation highlighted what forms of exploration it will be undertaking at its ‘belt-scale’ West Tanami Project, which borders the Northern Territory.
This project is located in a tier-one goldfield that is also host to Newmont’s (NYSE:NEM) ‘giant’ Callie Gold deposit in the Northern Territory.
Hamelin says all up more than 25 million ounces (Moz) of gold has been discovered in this region within the Northern Territory, with an additional 1Moz in Western Australia.
The company notes exploration being undertaken to date includes aircore (AC) drilling at the Klinger, Newkirk, and Olsen areas, with results expected to be received between November this year and January 2024.
Hamelin announces following the completion of this drilling, it will move forward with both a 1,500m follow-up reverse circulation (RC) drilling program and ground electromagnetics at the project, which are scheduled to begin in October and November this year.
These activities are being undertaken to investigate and follow up on various discoveries made across the project tenure.
Discoveries include 3 new ‘camp-scale’ targets at West Tanami, the Sultan and Newkirk Corridors, as well as the Fremlins and Hawkeye prospects.
At Sultan’s, the company has defined a 10km long previously unknown gold corridor and has returned gold grades up to 15.9 grams per tonne (g/t). Exploration is still ongoing at this corridor, with an Exploration Incentive Scheme (EIS) co-funded drilling grant of $180,000 having been issued to complete the next phase of drilling.
Meanwhile, at Fremlins, Hamelin has uncovered 2 defined regolith anomalies that extend over 6km of strike and demonstrate grades up to more than 100 parts per billion gold.
A nickel-copper-platinum group element (Ni-Cu-PGE) mineralised intrusion was also identified at Hawkeye.
Exploration is also being undertaken to uncover the company’s desired ‘elephant’ discovery, which, as previously stated by Hamelin Gold Managing Director Peter Bewick, represents “a metaphor for an absolute cracking discovery”.
Hamelin Gold is an ASX-listed company established to execute a modern exploration program at its wholly owned West Tanami project in the Tanami region of Western Australia, an area considered one of the most underexplored gold provinces.
Hamelin Gold had $7.7 million cash at hand as of 30 June 2023, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Hamelin Gold
