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Great Western Exploration Ltd.
Summary
| Project: | Yandal West | |
|---|---|---|
| Deposit: | Yandal West | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-1-2018: Great Western Exploration Ltd. announces an Exploration/Drilling Update report for its Yandal West deposit at the Yandal West project. Drilling results incl. 11m @ 9.58g/t Au from 57m. Great Western Exploration Limited (“the Company”; “Great We | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jordan Luckett (Internal) | |
| ABSTRACT: | Great Western Exploration Limited (“the Company”; “Great Western”) (ASX: GTE) is pleased to report the final 1m interval assays from the Phase 1 RC drilling at Yandal West and the preliminary 4m interval assays from the follow-up Phase 2 RC drilling. Considering that only broad-scale reconnaissance drilling has been completed to date these results are highly encouraging. The final 1m interval assays from Phase 1 drilling demonstrate high grade to very high-grade lodes within a broader mineralised system and the preliminary 4m interval assays from Phase 2 drilling showing that the mineralised system continues along strike and remains open. The Company is excited by the results to date and is confident they indicate a highly prospective gold setting with the potential for a large gold system at Yandal West. The remaining Phase 2 Drilling of approximately 1,200m is scheduled to re-commence in early February, and the Company looks forward to providing further updates as drilling continues. The company also anticipates Phase 3 drilling to commence after once results have been assessed. In December 2017 the Company commenced a 3,000m Phase 2 RC drilling programme at its greenfield Yandal West gold discovery (ASX Release: 28 November 2017). The Company reported that 1,852m of drilling was completed before Christmas (ASX Release: 22 December 2017). To date,step-out lines have been completed 80m north and 120m south of drill hole HFRC005 and 80m south of drill hole HFRC019 where GTE reported initial intersections of 20m @ 1.63 g/t Au from 52m and 24m @ 1.51 g/t gold from 12m respectively. The Company also reported this drilling intersected strong shearing, quartz veining and alteration (ASX Release: 22 December 2017). The drilling has also been designed to test separate structural targets off strike. | |
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