Western Mines Group (ASX:WMG) reports more geochemical assay results for 3 reverse circulation (RC) holes at the Mulga Tank Project in Western Australia, amid finalising plans for its 2024 drilling campaign.
Managing Director Dr Caedmon Marriott says infill drilling and extending a particular zone of interest will likely be the focus for the next set of drilling programs planned for 2024.
The $15.54 million market capitalisation company reports drillholes MTRC006, 007, and 008 highlight broad intersections of nickel sulphide mineralisation.
Western Mines says drillhole MTRC006 and 007 show further intersections of nickel over 1%.
Drillhole MTRC006 intersected 1m @ 1.19% nickel from 277m and drillhole MTRC007 intersected with 2m @ 1.05% nickel from 196m.
Marriott says drillholes MTRC006 and 007 are located on the southern boundary of the central-eastern area tested by the drilling, which demonstrates the mineralisation is open in this direction.
“With nearly all the assay results now received the team has begun some preliminary modelling of the results. A significant, large, low-grade, shallow mineralised body can be defined within the main part of the complex by Western Mine’s drilling to date.
“A significant, large, low-grade, shallow mineralised body can be defined within the main part of the complex by Western Mine’s drilling to date“
This modelled body totals some 647 million cubic metres above 0.15% nickel (Ni) and 0.1% sulphur (S) cut-offs, with a higher grade core in the central-eastern area of 420 million cubic metres above a 0.20% Ni and 0.5 S:Ni cut-off.
Follow-up RC drilling is planned to extend and better delineate this body, along with further modelling of the results to yield an initial JORC Exploration Target, as the first step towards generating an initial resource.”
To date, 19 of 20 RC holes returned contain mineralisation, with around 40% to 70% length down holes being mineralised.
According to Western Mines, this demonstrates continuity of shallow mineralisation across the complex.
Western Mines Group is a mineral explorer focused on discovering ‘high-value’ gold and nickel deposits across a portfolio of ‘highly prospective’ projects in Western Australia.
As of 30 September 2023, the company had $1.872 million cash and cash equivalents at hand, according to its latest quarterly report. Post-quarter-end, Western Mines completed a $1.2 million capital raising.
Write to Aaliyah Rogan at Mining.com.au
Images: Western Mines Group
