Western Mines further de-risks ‘large-scale’ Mulga Tank deposit

Western Mines Group (ASX:WMG) is continuing to de-risk a potentially ‘globally significant, large-scale’, open-pitable nickel sulphide deposit at its Mulga Tank Project in Western Australia. 

The $10.89 million market capitalisation company has completed the first 11 holes of a phase two reverse circulation (RC) drill program at Mulga Tank, which struck visible disseminated sulphides in all holes. 

Managing  Director Caedmon Marriott says this continues to demonstrate how prospective the extensive mineral system is, and the company is hopeful of finding shallow ‘high-grade’ pods of mineralisation. 

“We’re already starting to see positive results from the drilling — the more we drill this system, the more interesting things we learn.”

An initial 17 holes are planned as part of the first half of Western Mines’ phase two program, focused on infilling the ‘higher-grade’ core area uncovered by its JORC exploration target modelling, as previously reported

Marriott says: “Samples from the first 11 holes have been delivered to the lab, and we anticipate the remaining 6 infill holes should be finished by mid-March.”

Upon completion, Western Mines will begin drilling its next deep diamond hole, EIS3, which is co-funded by a Western Australian Exploration Incentive Scheme grant. 

The company says this hole will look to test for a sulphide-enriched keel in the deepest part of the complex, based on Western Mines’ previous deep diamond drilling. The hole will also test a ‘compelling’ MobileMT anomaly around -700m reduced level (RL), near the basal contact. 

The Mulga Tank project is prospective for nickel, copper, cobalt, and platinum group elements and sits in Western Australia’s goldfields. 

Western Mines Group is a diversified mineral explorer focused on discovering ‘high-value’ deposits across its portfolio of ‘highly prospective’ projects in Western Australia. 

As of 31 December 2023, the company had $2.104 million cash and cash equivalents at hand, according to its latest quarterly report. 

Write to Aaliyah Rogan at Mining.com.au   

Images: Western Mines Group
Author Image
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.

Mandrake confirms Utah’s uranium prospectivity

Mandrake Resources (ASX:MAN) has confirmed the uranium prospectivity within its Utah Lithium Project in Utah, via preliminary field work and rock chip sampling. 

The $23.39 million market capitalisation company reports initial results from the activities returned ‘consistent, significant’ concentrations of uranium, with up to 0.55% triuranium octoxide (U3O8). 

Managing Director James Allchurch says the results confirm ‘high-grade’ uranium mineralisation and provide impetus for the work undertaken in compiling and assessing petrophysical data from oil oil and gas wells across the project. 

“Interrogation of the 3D seismic and the petrophysical wellbore data is seeking to identify significant uranium mineralisation in the sub surface. 

Despite the downbeat lithium sector, Mandrake continues to advance the lithium brine asset and I look forward to presenting the JORC-compliant lithium exploration target shortly, along with other related material developments.”

A total of 6 samples were collected and submitted to ALS Global’s laboratory in Reno, Nevada for analysis. Mandrake expects results to be returned in March 2024. 

The Utah project covers a 93,755 acre area in the Lisbon Valley of Utah. 

Mandrake Resources is a diversified mineral explorer focused on lithium, nickel, copper, platinum group elements, uranium, and gold. 

As of 31 December 2023, the company had $15.3 million cash at hand, according to its latest quarterly report. 

Write to Aaliyah Rogan at Mining.com.au   

Images: Mandrake Resources
Author Image
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.

Peel unveils Ambergris follow-up plans

Peel Mining (ASX:PEX) is gearing up for follow-up exploration and planning at the Ambergris prospect, as part of its wholly owned EL8655 tenement in New South Wales. 

The $56.94 million market capitalisation company says exploration will include a downhole electromagnetic survey to search for any potential conductors. 

Exploration is being planned after Peel yesterday (27 February 2024) posted assays confirming ‘broad’ intervals of ‘significant’ lead-zinc-copper-silver-gold mineralisation in a 9-hole reconnaissance drilling program designed to test numerous coincident or semi-coincident geophysical and geochemical anomalies at Ambergris. 

Technical Director Rob Tyson says: “The assay results from the recent reconnaissance drilling at Ambergris have confirmed the prospect’s potential to host significant mineralisation, yielding board intervals of base and precious metals mineralisation indicative of a substantial hydrothermal system. 

These initial results are akin to those seen in the early stages of exploration at other Cobar deposits, such as Mallee Null. Planning is now underway to follow up the recent results to further advance this encouraging target.” 

Peel Mining is a base and precious metals explorer with a primary focus on copper and core assets close to each other in the southern Cobar Basin in New South Wales.

Write to Adam Drought at Mining.com.au

Images: Peel Mining
Author Image
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.