- Great Western Exploration is restarting drilling at its Yandal West project in the W.A. goldfields
- Recent testing has returned high-grade rock chip results up to 33 grams per tonne
- The company says only 20 per cent of potential targets have been tested leaving plenty of room for new discoveries
- Great Western’s share price has shot up over 30 per cent today, with shares trading for 0.4 cents each
Explorer Greater Western is restarting drilling at its Yandal West gold project, located in W.A.
The new drilling campaign is set to begin tomorrow and will specifically target the Harris Find Shear Zone at the May Queen prospect, which it has an 80 per cent interest in.
Following the news, the company’s share price is up 33.33 per cent, currently sitting at 0.4 cents apiece.
The last drilling campaign at the project returned high gold grades, including up 5.01 grams per tonne at three metres.
A recent sampling at the project has shown rock chips with grades up to 33.1 grams per tonne. These results are consistent with the company’s geological understanding of the project.
So far, only 20 per cent of results from prospective target tests are available, therefore, this leaves plenty of potential room to find new gold targets.
Great Western’s Yandal West project is nearby the 10 million ounce Jundee gold mine and the 3.5 million ounce Bronzewing gold deposit.
In its quarterly activities report released to the Australian market yesterday, Great Western detailed its success at its fully owned Ives Find prospect at Yandal West. During the quarter, drilling returned gold grades up to 30.9 grams per tonne.