Western Mines Group (ASX:WMG) is expecting assay results over the next few months after completing a 22-hole reverse circulation (RC) drilling program at its Mulga Tank Project in Western Australia.
The $19.67 million market capitalisation company says drilling was designed to systematically test the extent of the uppermost zone of shallow disseminated nickel sulphide mineralisation observed in diamond core holes across the centre of the Mulga Tank ultramafic complex.
Western Mines reports that the RC holes were spread over a 2,500m x 1,000m area at about 500m by 300m spacing, with the 300m target depth achieved in all but 3 holes.
Several holes are reported to have extended beyond 300m where visible sulphide mineralisation was observed at the target depth.
The company notes a total of 5,721 one-metre samples have been delivered to ALS Laboratory in Perth, Western Australia, for geochemical assay. The first results are anticipated in the next week, and continual results are expected over the next 1-2 months.
Western Mines Group Managing Director Caedmon Marriott says the 7,000m program — which the company completed in just 6 weeks — successfully dealt with the sand cover in the area that has hampered previous historical drilling.
“The holes targeted a significant portion of the main body of the complex and will yield extremely valuable data in testing the lateral continuity of shallow disseminated mineralisation, as well as beginning to systematically characterised the geology of the complex.”
“The holes targeted a significant portion of the main body of the complex and will yield extremely valuable data in testing the lateral continuity of shallow disseminated mineralisation”
Western Mines Group is a mineral explorer focused on the exploration and discovery of ‘high-value’ gold and nickel sulphide deposits across a portfolio of ‘highly prospective’ projects located on major mineral belts of Western Australia.
The company’s flagship Mulga Tank Project represents a ‘major’ ultramafic complex found on the underexplored Minigwal Greenstone Belt.
Western Mines Group had $1.872 million cash and cash equivalents at hand as of 30 September 2023, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Western Mines Group