Native Mineral Resources Holdings Limited (ASX: NMR) has identified high-grade gold up to 129 g/t Au from rock chip samples at its Music Well Project in Western Australia’s Eastern Goldfields. The samples were taken from vein material excavated down to 1 meter depth, with an average grade across all 128 samples of 3.16 g/t Au.
Visible gold was present in several rock chips, with 28 samples returning over 1 g/t Au, and six samples returning over 10 g/t Au.
NMR is evaluating the potential depth and extent of the vein, which remains open in all directions. The miner is set to follow up these results with an Exploration Incentive Scheme (EIS) co-funded diamond drilling campaign, expected to begin in late July 2021.
Shallow trenching was carried-out along-strike, allowing NMR to identify a number of key vein features:
- The target vein displayed variability in thickness, reaching up to a meter in width in certain areas, while either disappearing or forming multiple thin parallel veins in other areas. This is known as a “pinch-and-swell” formation.
- The dip is consistent at 50 degrees to the NW.
- The target is made up of multiple parallel and sub-parallel veins in some areas, rather than a single quartz vein.
- Gold in the vein system appears to be variably distributed with pods grading >5 g/t Au and pods grading <5g/t Au.
NMR’s Music Well Project is located in WA’s Yilgarn Shire, and is comprised of two tenements (E37/1362 and E37/1363) covering a 290 km² area. High-grade historic open pit gold mines located 20km west of the priority Music Well target area have previously demonstrated intrusion-hosted gold mineralisation.
“These latest sampling results from Music Well are exciting and highlight the significant upside and potential of the project”
Managing Director Blake Cannavo said: “These latest sampling results from Music Well are exciting and highlight the significant upside and potential of the project. Given what we have uncovered so far from our first two field programs, our planned drilling program has been expedited to commence in late July.
Music Well continues to evolve as a very high-quality gold project and these latest results demonstrate that the gold grades obtained from previous surface samples continue at depth, with the target zone remaining open in all directions. We have a busy pipeline of work planned for our gold and copper projects over the coming months and I look forward to providing further updates on progress.”
Images: Native Mineral Resources Holdings Limited