ASX-listed exploration company Zuleika Gold (ASX:ZAG) reports it has started a geochemical soil sampling program at its Goongarrie Gold Project in Western Australia.
The 740 sample soil geochemistry program will be conducted across the 2 exploration licenses that comprise the Goongarrie project and will aim to infill previous geochemical sampling completed by the company, which returned a number of ‘significant’ gold (Au) and nickel (Ni) targets.
The program will also aim to extend the coverage over the project’s prospective greenstone lithologies associated with the Wongi Hills Syncline and regional shearing.
Commencement of the geochemical soil sampling comes following the delivery of an extension of term notification for tenement E29/1010 earlier this month, which extended the tenements life for a further 5 years.
Speaking on the soil sampling campaign, Zuleika Gold’s Managing Director, Jonathan Lea says: “Now the extension of term has been secured over E29/1010, we can recommence exploration at this highly prospective, yet under-explored greenstone belt.
“With potential for both gold and nickel mineralisation, the work will better define the extensive existing anomalies and define the extensive existing anomalies and define new ones over the 20km long greenstone package”
With potential for both gold and nickel mineralisation, the work will better define the extensive existing anomalies and define the extensive existing anomalies and define new ones over the 20km long greenstone package. Assuming positive results, we expect to have approval in place by mid-2023 to commence drill testing the priority anomalies.”
The company also notes the anomalous Au values generated by Zuleika Gold’s 3 phases of auger soil sampling completed in 2020-21 continue north into adjoining tenement E29/1051, defining an Au in soil zone of about 10km over the 2 tenements.
In addition, it is reported that no sampling or drilling programs have been conducted along the axial plane of the Wongi Hills Syncline on either tenement and represents a potential target for Au mineralisation.
Zuleika Gold is an exploration company with a focus on its exploration projects located near the world-class Kalgoorlie-Menzies goldfields in WA. The company’s Goongarrie project is situated about 90km northwest of the township of Kalgoorlie and comprises 2 granted tenements which operate under a joint venture (JV) agreement with separate parties, with the company earning an 80% interest in both tenements. Previous soil geochemistry supports the potential for Au and Ni mineralisation to exist at the project.
With the soil sampling program now underway, Zuleika Gold announces that assay results are expected in Q1 next year and will warrant the commencement of a drilling campaign in Q2 or Q3, in order to target areas of compelling anomalism.
Images: Zuleika Gold Ltd
