Gold

Si6 Metals intercepts wide zones of gold mineralisation at Monument Gold Project, Western Australia

Si6 Metals (ASX:Si6) reports the presence of wide zones of gold mineralisation following a phase two aircore (AC) drilling campaign at its 100% owned Monument Gold Project in WA’s Laverton Tectonic Zone. 

The results, generated by the final assays received from the recently completed AC drilling campaign conducted across five prospect areas, indicate that mineralisation identified in the North Well mineralised corridor extends over 1.2km and remains open in both directions.     

The 6,000m, 130 drillhole campaign was conducted across five prospect areas adjacent to and along strike of Dacian Gold’s (ASX:DCN) 2Moz Au Mt Morgans Project to focus on ‘significant’ mineralisation encountered by historic drilling in 2010.   

Commenting on the results, Si6’s Exploration Manager, Michael Jackson, stated: “We are pleased to receive the final assay results from our phase two drilling program at MGP which have continued to deliver promise for the Company, in this instance particularly at the North Well prospect.

“North well is emerging as a key target for si6 with these results confirming the potential that was highlighted during historical drilling in this area”

North Well is emerging as a key target for Si6 with these results confirming the potential that was highlighted during historical drilling in this area. These results provide us with added confidence as we now look ahead to commencing the phase three aircore drilling program at NGP in October.”

The company also notes that the results confirm that historic North Well mineralisation deviates in a northwest trend and is associated with the regionally ‘significant’ and poorly tested Celia Tectonic Lineament, which has potential to host ‘significant’ gold mineralisation. 

Drilling on the western side of the Celia Tectonic Lineament returned ultramafic lithologies from the Murrin Murrin domain, which is highly prospective for Ni-Co laterite, while drilling at North Well and Aermotor also returned volcanic-hosted massive sulphide Zn-Pb-Cu-Au-Ag mineralisation.  

In addition, a number of historic workings previously sampled by Si6 have returned ‘significant’ results of up to 22.3g/t Au, with the grab samples occurring along the broader, northwest trending mineralised corridor.

These results observed in the North Well prospect are also coincident with elevated bismuth, silver, arsenic, copper and tungsten pathfinder elements, which indicates the presence of intrusion related gold mineralisation.  

The Monument Gold Project is a highly prospective project covering a total land holding of 310km-square in WA’s world-class Laverton Gold District, which is host to numerous multi-million ounce gold mines operated by other major gold mining companies. The project currently boasts a Mineral Resource Estimate (MRE) of 3.3Mt @ 1.4g/t Au for 154koz Au, as well as 30km of relatively untested gold hosted Banded Iron Formation (BIF), which is interpreted to be the same unit which is host to the Westralia gold deposit located immediately southeast of the project.

With the recent phase two AC drilling campaign now complete, Si6 announces that it will move forward with commencing phase three AC drilling at the Monument Gold Project next month.

Images: iStock
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.