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Metals Australia (ASX:MLS) has confirmed it’s kicking off a fresh drilling campaign on the hunt for gold and critical minerals at multiple Oz projects.
The first is an aircore campaign for 6,000m at the company’s Warrambie Project in WA’s Pilbara region – no great distance from De Grey’s Hemi Deposit. (Nearology does not, unfortunately, guarantee anything.)
Hoping to get lucky in the Mallina Shear Zone the company is on the hunt for evidence of gold, and former battery metal market darling lithium – ideally in the form of pegmatites.
Meanwhile, at Big Bell North in WA’s Murchison region, the company is sinking 120 aircore drillholes on the back of soil and electromag data suggesting there could be gold associated with underlying greenstone geology.
Greenstone belts are all Archean in age – a period of earth’s history so ancient the planet didn’t have tetonic plates – and possess all the right qualities to capture mineralisation over time. The presence of greenstone is not a guarantee of mineralisation.
Meanwhile, geotechs are gearing up for drilling approvals to pass at Warrego East – a copper-gold play – within the Tennant Creek Mineral Field, which at the height of its former glory saw massive copper-cold resources posted.
Drilling at Warrego, once greenlit, will test ironstone hosted copper-gold target first spotted with electromag studies.
Management suggest the current drill campaign is a record breaker for Metals Australia.
“[This year] is shaping up as the most active and exciting period in Metals Australia’s history – with the three aggressive gold and critical minerals drilling and exploration programs launched at Warrambie, Big Bell North and Warrego East in Australia,” MLS CEO Paul Ferguson said.
“[These are] being advanced in parallel with our two gold and critical minerals programs underway in Canada.”
MLS last traded at 2cps.
