Join our daily newsletter At The Bell to receive exclusive market insights
- Great Western Exploration (GTE) mobilises to site to begin drilling at its Thunder Copper-Gold Target in Western Australia
- Reverse circulation drilling is being conducted to test a large and discrete magnetic anomaly as well as an anomalous soil geochemistry
- Drilling is expected to begin on December 6 and be completed by mid-December
- Great Western is also progressing fieldwork programs across its tenure with work set to consist of soil and lag sampling, geophysical surveys and a geophysical review
- Great Western ends the day 2.44 per cent in the red with shares trading at 20 cents
Great Western Exploration (GTE) has mobilised to site to begin drilling at its Thunder Copper-Gold Target in Western Australia.
Reverse circulation (RC) drilling will be undertaken across two separate zones with the first focus to test a large and discrete electromagnetic anomaly.
Once completed, the rig will test the anomalous soil geochemistry where up to 394 parts per million copper and 37.6 parts per billion gold has been encountered.
Drilling is expected to begin on December 6 and be completed by mid-December.
Managing Director Tom Ridges was excited to begin drilling.
“Thunder is a potential company-making target and Great Western is really looking forward to commencing the drilling program,” Mr Ridges commented.
Great Western is also progressing fieldwork programs across its tenure and expects this work will result in a number of the prospects evolving into drill-ready targets.
This work includes soil and lag sampling at areas prospective for copper, nickel and gold, geophysical surveys and reviewing existing data.
Updates will be made to shareholders as work progresses.
Great Western has ended the day 2.44 per cent in the red with shares trading at 20 cents in a $27.92 million market cap.
