Woomera Mining (ASX:WML) is planning to complete an infill sampling program across the Mt Short Joint Venture Project anomalies this coming quarter, amid receiving auger drill assays.
This will then be followed by drill testing later this year, subject to access relating to local farming activities.
An auger drilling program was recently completed on the project, which confirmed gold, base metals, and lithium prospectivity.
The company reports elevated lithium results returned up to 202 parts per million (ppm) lithium oxide, gold returning up to 60 parts per billion, copper returning up to 437ppm, and nickel returning up to 4,090ppm.
Chairman Ian Gordon says: “The Ravensthorpe greenstone belt is a well-endowed, multi-commodity geological terrain with a long history of mining. Our latest results confirm the potential for multi-element mineralisation on our tenure and we look forward to following them up.”
1,523 auger samples were collected on a 400m by 50m spacing across the Mt Short joint venture. There had been no systematic geochemical sampling across the tenement prior to Woomera completing this work.
Woomera Mining is a diversified mineral explorer focused on battery metals, gold, and copper across Australia.
As of 31 December 2023, the company had $2.514 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Woomera Mining
