PriceSensitive

Norwest Minerals (ASX:NWM) begins soil sampling at Arunta West

Mining
ASX:NWM      MCAP $18.63M
14 April 2021 14:40 (AEST)

Norwest Minerals (NWM) has begun a soil sampling program at its Arunta West Project in Western Australia.

The project lies immediately west of Independence Group’s (IGO) Lake MacKay Project and Rio Tinto’s (RIO) tenements to the north.

This soil sampling program will test gold and base metal targets identified by a geochemical study recently completed by Dr Nigel Brand from Geochemical Services.

Up to 6467 samples are expected to be collected from prospective areas within all six of the tenements at the project.

Once received, the results will be used to generate drill targets, which will be tested in 2022.

The sampling program is expected to take between six to eight weeks to complete with results estimated to be received five weeks post completion.

“The results of Dr Brand’s geochemical study are very exciting and I am confident this comprehensive soils program will highlight multiple drill-worthy copper and gold targets,” CEO Charles Schaus said.

“As well, our ground position relative to local projects being aggressively acquired and explored by our billion-dollar neighbours cannot be ignored,” he added.

Norwest is down 3.75 per cent on the market and shares are trading at 7.7 cents at 2:23 pm AEST.

Related News