Western Mines Group (ASX:WMG) has confirmed almost 370m of nickel mineralisation at its Mulga Tank Project in Western Australia.
The $16.7 million market capitalisation company announces today (30 November) it has uncovered ‘broad’ zones of nickel sulphide mineralisation from a reverse circulation (RC) drilling program at the project.
The RC drilling program comprised 22 drillholes designed to test the extent of shallow disseminated nickel sulphide mineralisation observed across the centre of the Mulga Tank Ultramafic Complex.
Western Mines notes results have been received from 6 of the 22 holes, with drillhole MTRC009 highlighting a cumulative 367m of nickel mineralisation that corresponds well to 390m of visible disseminated sulphides observed.
The company says results also display a continuity of the uppermost zone of shallow mineralisation. Some 50% of samples down each hole show mineralisation with ‘elevated’ nickel and sulphur in combination with ‘highly anomalous’ copper and platinum group elements (PGEs).
Key results include hole MTRC009 with 188m @ 0.27% Ni, 138ppm cobalt (Co), 75 parts per million (ppm) copper (Cu), 26 parts per billion (ppb) platinum (Pt) plus palladium (Pd) from 92m including 28m @ 0.38% Ni, 158ppm Co, 87ppm Cu, 39ppb Pt plus Pd from 121m.
Managing Director Caedmon Marriott says the drilling program ‘dramatically’ increases the drilling density in the ‘core’ of the complex and is expected to yield ‘extremely valuable data’.
Western Mines Group is a mineral explorer focused on the exploration and discovery of ‘high-value’ gold and nickel sulphide deposits across its portfolio of ‘highly prospective’ projects located on ‘major’ mineral belts in Western Australia.
The company’s Mulga Tank Project sits in the underexplored Minigwal Greenstone Belt and demonstrates ‘significant’ evidence for an ‘extensive’ working nickel sulphide mineral system.
As of 30 September 2023, Western Mines Group had $1.872 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: Western Mines Group
