M3 Mining (ASX:M3M) has identified four gold-in-soil anomalies through ultra-fine sampling at its Edjudina Gold Project in Western Australia.
The 479-sample program covered the Yilgangie and Broken Hill Bore prospects, approximately 150km northeast of Kalgoorlie.
At Yilgangie, the Eastern Zone anomaly extends for 2.3km and is associated with historical drilling results including 2m @ 3.90 grams per tonne gold (Au) from 33m, including 1m @ 6.20g/t Au.
A second anomaly, the Western Zone, extends over 1.2km of strike in an area that has not previously been drilled.
Both anomalies are spatially associated with mapped hematite-altered monzonite intrusions. M3 says these intrusions have similar geology to the Porphyry Gold Mine, approximately 10km east of Yilgangie.
At Broken Hill Bore, sampling outlined a 1.6km anomaly along north-northwest to south-southeast-striking banded iron formation units. The anomaly is associated with historical workings and previous rock-chip results of up to 65g/t Au.
A second, 1km east–west anomaly was identified in an area with no recorded previous drilling. M3 says both Broken Hill Bore anomalies are associated with east–west faulting and have not been drill tested.
The anomalies lie approximately 6km along strike from the Neta Gold Mine, which produced around 5,000 ounces of gold through a joint venture with BML Ventures earlier this year.
Non-Executive Director Tyler Formica says the results provide targets for the next phase of exploration.
“Identifying multiple gold anomalies, including previously untested targets in close proximity to known mineralisation, reinforces the potential in the project’s prospectivity and provides a clear pathway for the next phase of exploration,” Formica says.
M3 plans to ground check the anomalies and undertake field mapping while progressing a heritage agreement covering the project.
Write to France Pinzon at Mining.com.au
Images: M3 Mining
