Wilsons air core drill in action.
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • 4,000m AC drilling program underway
  • Testing geology and potential for gold mineralisation beneath historic anomaly
  • High-priority target 400m from the Black Swan Processing Hub
  • Gold potential at Black Swan remains largely untested

Maritana Minerals (ASX: MRT) is testing a range of high-priority targets with 4,000m of aircore (AC) drilling program underway at the Wilsons gold prospect in WA.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

Wilson lies directly north of the Black Swan Processing Hub (BSPH) in the Eastern Goldfields with the current drilling the first major program targeting gold in the area.

A key target is a gold anomalism defined at surface over an area of more than 2.5km by 1.5km.

MD and CEO, Grant Haywood, said gold potential of the area extends north of BSPB onto the exploration tenement acquired by Maritana in the June 2026 quarter. This area will be tested in subsequent programs after additional surface sampling and mapping has been completed.

“The Wilsons gold prospect is a compelling, near-infrastructure discovery opportunity,” Mr Haywood said.

“Sitting within view of the BSPH and on a granted mining lease, any discovery has high potential to be a valuable future source of feed for Black Swan.

“This first-pass aircore program is designed to systematically test what lies beneath a very strong surface anomaly and to build the geological understanding for follow-up drilling, including the northern extension of the Prospect on the underexplored ground we recently acquired from Nano Metals.”

The Wilsons gold-in-soil anomaly was first systematically defined through reconnaissance UltraFine+ soil sampling completed in 2024. The anomaly remains open along strike and is coincident with multiple positive indicators including identification of gold nuggets, gossanous quartz-vein rock chip samples grading up to 1.25 grams per tonne (g/t) gold, and limited historical gold assays returned from nickel- focused drilling, including 0.4m at 6.41 g/t gold.

Historically, exploration across the Black Swan district was directed almost exclusively at nickel sulphide mineralisation and only a very small proportion of historical drill samples were ever assayed for gold. As a result, the gold potential beneath the Wilsons anomaly has not been tested by drilling.

The AC program now underway provides the first dedicated shallow drilling coverage at Wilsons.

MRT was steady at 69.0¢           with a Mkt cap of $258.4M prior to markets opening.

Join the discussion: See what HotCopper users are saying about Maritana Minerals and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

mrt by the numbers
More From The Market Online

Resmed turns in record fourth quarter revenue of US$1.5B

AI-powered digital health solutions specialist Resmed Inc. has unveiled impressive results for its quarter ended June…

Elevra Lithium sells WA pegmatite rights as it ramps up NAL activity

Elevra Lithium has completed a transaction for the sale of Tabba Tabba pegmatite asset in WA…
The words "ASX Market Open" appear alongside a Bear ( FALL ) with a market chart graphic floating above it. The whole image is faded yellow and orange.

Market Open: Falling Wall Steet numbers tipped to slightly impact ASX start today

The S&P/ASX 200 index is expected to open flat or slightly down today following a subdued…

Adavale Resources confirms continuity at London-Victoria with wide hits

Adavale Resources has received promising assays from a further 11 reverse circulation holes at the London-Victoria…