Western Yilgarn expands Bulga drilling plans

Green metals explorer Western Yilgarn (ASX:WYX) is planning to launch a fresh bout of auger geochemistry exploration across two new licences within its Bulga Project in Western Australia. 

This extra exploration work is being planned as the $8.73 million market capitalisation company continues phase three auger drilling across its existing leases in the area, with site-based geologists mapping and ground-truthing nickel-copper-platinum group element (PGE) and lithium-caesium-tantalum (LCT) targets at the project. 

So far, Western Yilgarn has completed 600 auger holes of its planned 1,338, with the infill drilling program to provide an auger grid of 200m-by-100m spacing across identified targets in the area. The company then plans to complete additional infill work to 100m-by-50m spacing before beginning reverse circulation (RC) drilling. 

Once its current round of auger drilling is completed, Western Yilgarn will have drilled nearly 3,700 holes across the Bulga area.

The company then plans to apply this same style of auger geochemistry exploration to two leases currently under application that it says were selected based on their prospectivity following first-pass exploration. 

These leases include E36/1065 and E26/1066, which respectively cover 136km-square and 138km-square of tenure in the project area.

Western Yilgarn Chairman Peter Lewis says the company’s exploration work in the region thus far has helped the Bulga Project grow and develop as a ‘strategic’ asset. 

“The 100% owned Bulga Exploration Licences are a strategic asset which, together with the company’s Julimar West, Boodanoo and Sylvania Projects, position the company as a fast-growing exploration company in one of Australia’s most prospective exploration regions.”

“The 100% owned Bulga Exploration Licences are a strategic asset which … position the company as a fast-growing exploration company in one of Australia’s most prospective exploration regions”

Western Yilgarn’s Bulga Project lies just 50km southwest of Gold Fields’ (JSE:GFI) Agnew Gold Project. Bulga comprises four exploration licences and 2 applications that cover a combined area of 477km-square. 

The project also neighbours TechGen Metals’ (ASX:TG1) Ida Valley Project, from which the fellow listed explorer recently reported lithium and caesium in soils of up to 144.5 parts per million (ppm) lithium and 49.8 ppm caesium.

Western Yilgarn says these findings emphasise the potential of the Ida Fault region that holds its Bulga assets. 

According to its latest quarterly report, Western Yilgarn had $1.89 million cash and cash equivalents at hand as of 30 September 2023. 

Images: Western Yilgarn

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Written By Joshua Smith
Joshua Smith has years of experience in the media sector, having worked as a markets reporter, features writer, and editor since completing a Communications and Journalism degree and a Creative Writing degree. Josh is an avid board game fan and a self-professed coffee snob.