- GME Resources (GME) identifies six gold and three nickel anomalies at its Abednego Project in the Eastern Goldfields of Western Australia
- The anomalies were defined via an ultra-fine fraction (UFF) soil sampling program undertaken across the highly prospective Federation shear zone
- The gold grades peaked at 193 parts per billion (ppb) while the nickel grades peaked at 946 parts per million (ppm) with up to 149ppm copper and 11ppb platnium also identified
- GME plans to follow up both the gold and nickel anomalies with further infill and extensional UFF soil sampling, rock chip sampling and geological mapping
- GME ends the day 1.49 per cent in the red with shares trading at 6.6 cents
GME Resources (GME) has identified six gold and three nickel anomalies at its Abednego Project in the Eastern Goldfields of Western Australia.
The anomalies were defined via an ultra-fine fraction (UFF) soil sampling program undertaken across the highly prospective Federation shear zone.
A total of 488 samples were collected with the program designed to target gold and nickel mineralisation below thin alluvial and sheetwash cover.
Notably, three of the six anomalies are located directly along strike from Kin Mining’s (KIN) Mt Flora gold discovery.
All six of the gold anomalies are located within a seven-kilometre zone and overlie several parallel shears within the Federation zone.
The gold grades peak at 193 parts per billion (ppb) with up to 378ppb tellurium also encountered.
Regarding the nickel anomalies, grades peaked at 946 parts per million (ppm) with up to 0.15 per cent chromium, 11ppb platinum, 149ppm copper and 175ppm cobalt identified.
The nickel anomalies are located on a seven-kilometre trend which hasn’t been previously explored for nickel.
GME plans to follow up both the gold and nickel anomalies with further infill and extensional UFF soil sampling, rock chip sampling and geological mapping.
Aircore drilling will then be undertaken to test high priority geological anomalies identifies in these programs.
GME has ended the day 1.49 per cent in the red with shares trading at 6.6 cents for a $39.79 million market cap.