Western Mines Group (ASX:WMG) has flagged several zones of matrix-massive sulphide mineralisation at its Mulga Tank Project in Western Australia as priority follow-up targets post phase two reverse circulation drilling.
Phase two drilling was designed to infill around the core of the project’s JORC exploration target, as well as de-risk, improve confidence, and aid resource evaluation.
Western Mines, which has an $11.63 million market capitalisation, is continuing to de-risk a potentially globally significant, large-scale, open-pittable nickel sulphide deposit at Mulga Tank.
Today (10 April 2024), the company has posted results from phase two drill holes MTRC030 to 032, which all highlight intersections of nickel sulphide mineralisation.
According to Western Mines, hole MTRC032 is of particular interest with another continuous interval of 198m @ 0.28% nickel, 145 parts per million (ppm) cobalt and 249ppm copper from 108m that included 6m @ 1.01% nickel and 0.32% copper from 254m — confirming visual observations of matrix to semi-massive sulphides.
Assays from 10 of the 17 holes drilled as part of the phase two program have been posted to date.
“Yet more great assay results from our phase two reverse circulation program as we infill the higher grade core area and increase confidence in this zone,” Managing Director Dr Caedmon Marriott says.
“Holes MTRC031 and MTRC032 showed robust 200m intervals of consistent nickel sulphide mineralisation highlighting what an extensive mineral system we are dealing with.”
On 8 April 2024, Western Mines announced it had begun a deep diamond drillhole at Mulga Tank to test for a sulphide-enriched keel in the deepest part of the Mulga Tank complex, as reported by Mining.com.au.
The hole is co-funded by a grant from the Western Australia government’s Exploration Incentive Scheme and immediately follows the completion of the phase two reverse circulation drilling.
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
