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Essential Metals (ASX:ESS) extends Gards prospect strike length, WA

ASX News, Materials
ASX:ESS
30 June 2022 10:05 (AEST)

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Essential Metals (ESS) has extended the strike length of its Gards prospect in WA after receiving initial gold assays from a recent reverse circulation (RC) drilling program.

The Gards prospect is part of the wider Juglah Dome gold project, approximately 60 kilometres east-south-east of Kalgoorlie.

The most significant gold intersections include an eight-metre hit at 1.49 grams per tonne (g/t) gold from 75 metres and a five-metre hit at 1.08 g/t gold from 35 metres.

The company said it struck gold anomalism and felsic porphyry units on every drill line, with mineralisation occurring within the felsic porphyry units or at the sheared margins associated with feldspar-pyrite alteration and quartz veining.

As a result of strong gold mineralisation, Essential Metals has now extended the prospect strike length to 1.5 kilometres, and Gards is still open along strike to the south-east and at depth.

Managing Director Tim Spencer said the latest drill results confirmed the prospectivity of the Gards prospect.

“We are keen to build on these results and will start planning the next round of drilling,” Mr Spencer said.

“The Gards prospect is starting to show potential to host mineralisation which could form a satellite deposit to nearby processing plants.”

The assay results were returned from either three-metre composite samples or one-metre rig-mounted cone splits where visual proxies of gold mineralisation in the felsic porphyry units were observed.

Looking ahead, Essential Metals said the three-metre composite samples with anomalous gold results will have their corresponding one-metre interval splits submitted for gold analysis.

Once these results have been received, the program results will be reviewed and interpreted and follow-up work will be planned.

Shares in Essential Metals last traded at 36.5 cents on June 30.

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