- Great Western Exploration (GTE) has completed drilling at the Finlayson gold target which is part of its broader Golden Corridor Project in WA
- Drilling intersected wide shear zones and sulphide alteration, which aligns with the company’s belief that the target has potential to be a camp-scale discovery
- Samples have been sent off and results are expected in the next four to six weeks
- Next up, the drill rig will move to the Atley North Gold Project where it will test a large gold anomaly at the Golden Bullock target
- These programs are part of Great Western’s broader 2021 drilling campaign
- GTE ended the day 10.2 per cent in the green with shares closing at 27 cents
Great Western Exploration (GTE) has completed drilling at the Finlayson gold target which is part of its broader Golden Corridor Project in WA.
This marks the completion of the first program of GTE’s 2021 drilling campaign.
GTE outlined its 2021 exploration plans earlier this month stating it would start with Finlayson after recognised its potential to be a “camp-scale discovery”.
Pleasingly, all three lines of drilling intersected wide zones of shearing and strong alteration, including sulphides, within an ultramafic and dolerite sequence.
“We are pleased with the validation of our exploration model at Finlayson and how the drill program has progressed,” Managing Director Tom Ridges said.
Samples have been sent off to a lab to be assayed and results are expected in the next four to six weeks.
The drill rig is now mobilising to the Golden Bullock gold target to commence the second reverse circulation program of this year’s campaign.
Golden Bullock spans a 2.5-kilometre strike length and a 1.5-kilometre width and is part of Great Western’s wholly-owned Atley North Gold Project.
The target is a large-scale surface geochemical anomaly with multiple zones of anomalous gold valued at over 10 parts per billion (ppb), with a peak value of 594ppb gold.
Great Western will test the large gold geochemical anomaly and drilling is expected to take no more than three weeks.
Once this program has wrapped up, the ASX-lister will move to its Copper Ridge Project in the Yerrida Basin to drill the Copperhead and Taipan targets.
GTE ended the day 10.2 per cent in the green with shares closing at 27 cents.