Western Mines Group (ASX:WMG) has begun a deep diamond drillhole at its Mulga Tank Project on the Minigwal Greenstone Belt in Western Australia following the completion of a phase two reverse circulation program.
Western Mines, which has a $11.63 million market capitalisation, says the diamond hole (MTD029) is currently at 300m in depth and has been planned to test for a sulphide-enriched keel in the deepest part of the Mulga Tank complex.
“The guys were keen to get straight back out to site as soon as they could after the recent flooding in the region and are excited to get started on the next deep diamond hole,” Managing Director Dr Caedmon Marriott says.
“This is another co-funded EIS hole looking to test a compelling MobileMT anomaly and possible sulphide enriched keel of this huge nickel sulphide system. The top section of the hole is being drilled as HQ to provide additional material for initial metallurgical testwork of the shallow disseminated mineralisation defined by the RC drilling.”
The hole is co-funded by a grant from the WA Government’s Exploration Incentive Scheme and immediately follows the completion of a 17-hole phase two reverse circulation drilling program.
Phase two drilling was planned to infill around a core area identified in the company’s JORC exploration target modelling. Reverse circulation drilling also encountered a 3-week delay due to rain and flooding in the Eastern Goldfields.
Samples from the recently completed drilling have been delivered to the ALS Laboratory in Perth for geochemical assay. Assays thus far have confirmed further mineralised intersections, with the remaining results expected over the next month.
According to Western Mines, results from various drilling programs at Mulga Tank over the past year have demonstrated nickel sulphide mineralisation and a nickel sulphide mineral system within the project’s ultramafic complex.
Western Mines is an explorer focused on the discovery of gold and nickel sulphide deposits across a portfolio of projects in Western Australia.
The Mulga Tank project is prospective for nickel, copper, cobalt, and platinum group elements.
As of 31 December 2023, the company had $2.1 million in cash and cash equivalents at hand, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Western Mines Group
