- Enterprise Metals (ENT) has identified a significant chargeability anomaly at the Mandilla Gold Project in Western Australia
- The recently completed survey was undertaken along the Ausrox Shear Zone, which was highlighted in ENT’s aircore drilling program undertaken in September
- All up, 121 holes were drilled to test structurally controlled gold mineralisation, and while a number of the holes were abandoned, up to 1.8g/t gold and 586 parts per million arsenic was identified
- Enterprise will now undertake further drilling to follow up on the chargeability anomaly and coincident gold and arsenic anomalism
- Enterprise has ended the day 9.09 per cent in the green with shares trading at 2.4 cents
Enterprise Metals (ENT) has identified a significant chargeability anomaly at the Mandilla Gold Project in Western Australia.
The Mandilla Project lies in the northern Widgiemooltha greenstone belt, around 100 kilometres south of Kalgoorlie.
In 1981, Newmont Holdings, Queen Margaret Gold Mines and Spargos Exploration explored the area for volcanogenic gold mineralisation in acid volcanic terrain.
While the focus was primarily around the Spargoville tenements, rotary airblast drilling was undertaken at Mandilla but the results were not encouraging.
Induced polarisation surveys were then undertaken in 1983 over a discrete magnetic anomaly just south of Mandilla.
The magnetic anomaly was resistive and the cause was determined to be pyrite in sediments.
The recently completed survey was undertaken along the Ausrox Shear Zone, which was highlighted in ENT’s aircore drilling program undertaken in September 2020.
All up, 121 shallow aircore holes were drilled to test the eastern margin of the Mandilla Syenite for structurally controlled gold mineralisation.
While a number of the holes were abandoned due to damp and sticky clay, up to 1.8g/t gold and 586 parts per million arsenic was identified.
Enterprise will now undertake further drilling to follow up on the chargeability anomaly and coincident gold and arsenic anomalism.
Enterprise has ended the day 9.09 per cent in the green with shares trading at 2.4 cents in an $11.99 million market cap.