The Red inset shows massive sulphide interval from 151.50 metres to 155.80 metres, with visible copper sulphides and zinc sulphides. Source: Belararox
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Great Western Exploration Ltd (ASX: GTE) is gearing up for an intense exploration program at its Fairbairn copper project in Western Australia, where it believes there’s potential for another deposit in the vein of Sandfire’s DeGrussa, located 120 kilometres away.

The company will kick off its drilling program in late April or early May, zooming in on three targets where geological modelling has already been completed, with the latter indicating the potential for volcanic-hosted massive sulphide deposits similar to those which gave rise to the 2.6 million tonne DeGrussa.

The choice of targets is based on twin surveys reported by Great Western in September last year: a fixed-loop electromagnetic (FLEM) ground survey and a heliborne EM survey. These targets will be drilled to depths between 250 and 350 metres, with follow up drilling already planned for.

In its March 2024 Quarterly Activities Report, Great Western also highlighted developments at its Yerrida North project, where it has more closely refined the geological model of the Oval and Oval South targets – believed to host Winu-style intrusive related copper-gold mineralisation.

These targets also have a connection to Sandfire – and to Rio Tinto – being identified by the latter in the late 1990s, and later defined by the former.

Great Western Exploration has been trading at 6c.

GTE by the numbers
More From The Market Online

iTech reaches graphite concentrate of 94% from Lacroma project in SA

iTech Minerals Ltd has produced a total graphite carbon (TGC) concentrate of 94 percent from its…

Encounter pulls a rabbit out of the hat chasing copper at Sandover

Encounter Resources Ltd has found high grade copper through drilling at its Sandover project in the…
The Market Online Video

Market Close: Green light launches ASX lift off as US inflation ebbs

The ASX200 closed nearly 1.6% up. Every sector – aside from energy – ended in the green.
The Market Online Video

Market Update: ASX dips with only materials afloat

The ASX is down nearly half a per cent - on par with future's predictions -…