- Great Western Exploration (GTE) has identified five new gold targets at the Golden Corridor Project in Western Australia
- These new targets were identified via initial aeromagnetic and geophysical analysis that was completed by the company’s consultant, Newexco
- These gold targets are large, structurally complex, and modelling has indicated they lie under shallow cover
- Further, the identification supports Great Western’s belief that there are large, covered areas, similar to its Finlayson gold target
- Great Western is now working with Newexco to design reverse circulation and aircore drilling programs for a potential exploration program
- Company shares are up a slight 2.56 per cent and are currently trading for 20 cents each
Great Western Exploration (GTE) has identified five new gold targets at the Golden Corridor Project.
The Golden Corridor Project is located within Australia’s most prolific gold belt, the Kalgoorlie Terrane in Western Australia.
These new targets were identified via initial aeromagnetic and geophysical analysis that was completed by the company’s consultant, Newexco.
These gold targets are large, structurally complex, and modelling has indicated they lie under shallow cover.
Further, the identification supports Great Western’s belief that there are large, covered areas, similar to its Finlayson gold target.
The identification of these targets supports the company’s objective of gaining 100 per cent ownership of continuous tenure in the Golden Corridor Project.
Great Western is now working with Newexco to design reverse circulation and aircore drilling programs for a potential exploration program.
This program will also test the Finlayson gold target.
Company shares are up a slight 2.56 per cent and are trading for 20 cents each at 2:03 pm AEST.