Western Mines Group (ASX:WMG) MD Dr Caedmon Marriott finds it “very encouraging, if not incredible” that all 14 holes received to date at Mulga Tank have contained broad intervals showing the geochemical signature of disseminated nickel sulphide mineralisation.
Marriott says what’s more the geochemical signature of disseminated nickel sulphide mineralisation is showing across the entire 2.5km length tested by the drilling.
The $16.7 million market capitalisation company says recent results, generated from an additional 3 holes of a recent 22-hole drilling program at Mulga Tank, continue to uncover nickel sulphide mineralisation coincident with ‘highly anomalous’ copper and platinum group element mineralisation.
Today’s (6 December) results continue to de-risk a potentially globally ‘significant, large-scale’, open-pitable nickel sulphide deposit at the project.
Follow-up RC drilling is planned to investigate an emerging ‘higher-grade’ core in the central-eastern part of the Mulga Tank Ultramafic Complex.
Key results include MTRC018 with 1m @ 1.84% nickel (Ni), 0.10% cobalt (Co), 4.88% copper (Cu), 26 parts per billion (ppb) platinum (Pt) plus palladium (Pd) from 293m.
The results also follow the identification of further ‘broad’ zones of nickel sulphide mineralisation at Mulga Tank, as reported yesterday, and the discovery of almost 370m of nickel mineralisation, as reported at the end of November.
Marriott says: “The extensive Mulga Tank mineral system keeps on giving and results from our initial wide spaced RC drilling program continue to build an exciting new dataset to begin to better understand it and help vector further drilling.
This shallow mineralisation is open in all directions and is certainly not constrained by the initial drilling.”
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
