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Great Western Exploration Ltd.
Summary
| Project: | Yandal West | |
|---|---|---|
| Deposit: | Yandal West | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-11-2019: Great Western Exploration Ltd. announces an Exploration/Drilling Update report for its Yandal West deposit at the Yandal West project. Drilling results incl. 4m @ 3.069g/t Au from 20m. Great Western Exploration Limited (“The Company”; “Great W | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jordan Luckett (Internal) | |
| ABSTRACT: | Great Western Exploration Limited (“The Company”; “Great Western”; ASX: GTE) would like to provide a progress report on the results from the recent drilling campaign at Yandal West. The Company has received the preliminary 4m interval sample results and the final 1m sampling has commenced. Two of the three holes at Harris Find intersected gold mineralised zones with the best result of 4m @ 3.06 g/t gold. The gold mineralisation remains open to the south and high-grade rock chips indicate that the gold mineralisation continues at least a further 120m south of the drilling. At May Queen the drilling intersected gold mineralisation (4m @ 1.2 g/t gold) from surface approximately 100m northwest of the previously reported drilling of 4m @ 2.51 g/t gold and near a 4.1 g/t gold rock chip (ASX Release 11/11/2019). The actual width and grade of these zones will be determined and reported once the final 1m samples have been received. Interestingly, the drilling at Harris Find intersected a sequence of chert, mafic & felsic volcanics with gold associated with micro veining and semi massive sulphides (Fig 2) that is more typically associated with VMS style mineralisation. Previously the Company had indirect evidence of the project’s VMS potential from historical exploration, multi-element geochemistry, rock types and a recent government study (2017) which identified the region as being highly prospective for VMS. Gold and base metal rich VMS deposits are considered highly prospective for economic resources and can be targeted using simple geophysical methods such as airborne electromagnetic (“EM”) surveys. VMS deposits are also known to form in clusters. | |
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