Western Mines Group (ASX:WMG) has completed drilling a diamond hole at the Mulga Tank Nickel-Copper-PGE Project in Western Australia, which the company says validates its assumptions and exploration thesis.
Western Mines, which has a $29.53 million market capitalisation, says the deeper portion of the hole showed the strongest evidence to date for the system to host a massive sulphide component.
Initial modelling of the drill trace suggests the hole dropped steeper than expected, missing the core of the mobile-magnetotellurics anomaly.
Managing Director Caedmon Marriott says hole MTD029, drilled with the support of an exploration incentive scheme grant, is the deepest hole so far at the project and highlights what an extensive nickel sulphide mineral system the complex hosts.
“Sulphide mineralisation is encountered nearly everywhere we drill and this hole continued that trend with cumulatively around 860m of disseminated and blebby sulphide mineralisation, along with frequent high-grade and high-tenor remobilised sulphide veining and large sulphide globules or segregations,” Marriott says.
“The hole validates our exploration thesis with very active zones seen at depth and very likely basal massive sulphide component to the Mulga Tank system. The team is currently looking at further targeting possible massive sulphide accumulations.”
Western Mines recently completed a 17-hole, 5,534m phase two reverse circulation drilling program and restarted diamond drilling, which tested deeper targets.
Further drillholes will be added, with ongoing target work, as the company explores the complex.
Western Mines is a mineral explorer focused on gold and nickel deposits across its highly prospective portfolio of projects located on major mineral belts of Western Australia.
Mulga Tank is a major ultramafic complex found on the under-explored Mingiwal Greenstone Belt.
Write to Aaliyah Rogan at Mining.com.au
Images: Western Mines Group
