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Great Western Exploration (ASX:GTE) is steadily ramping up its Western Australian copper-gold exploration plans with the imminent start of a fresh drilling campaign that will test nine separate copper-gold targets.
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Fully funded following a $3.75 million capital raising, the campaign will commence at the Oval copper-gold target, with drilling to kick off in two weeks.
The Oval program is testing the results of a ground gravity survey and subsequent data modelling completed last year, Great Western explained. That work defined a gravitational anomaly coincident with the geologically modelled position of a highly prospective interpreted VHMS horizon.
This drill-defined horizon is hosted by a siltstone unit, with pathfinder drill assay results returning a strong VHMS signature.
MD, Shane Pike, told shareholders the horizon was interpreted by the company to be at a distal position from an undersea “black smoker, volcanic vent which may host copper-gold enrichment, similar to the nearby DeGrussa deposit.”
A diamond drill-hole to test the gravity anomaly has been designed by the company to a depth of ~750 metres, with drilling planned for mid-April.
Following the completion of the Oval program, Great Western will then drill a highly prospective copper-gold target at Diorama, six copper-gold targets at Juggernaut and the Baroo copper-gold prospect. All targets sit within Great Western’s extensive Yerrida Basin landholding near Meekatharra and the DeGrussa and Monty copper-gold volcanic-hosted massive sulphide (VHMS) deposits.
Mr Pike said concurrent with the drilling, regional exploration will be undertaken on several prospective copper- gold targets within the Yerrida North project with the aim of advancing these targets to drill-ready status.
GTE is steady at 1.8¢. Mkt cap $12.77M.
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