- Norwest Minerals (NWM) intersects strong gold mineralisation in the first three holes at its Bulgera Gold Project in Western Australia
- This drilling program tested the new high-grade gold lode from 200 metres to 400 metres downdip of the shallow Bulgera open-cut
- Results have so far peaked at 4.1g/t gold and results for the remaining four holes are expected within the coming weeks
- Norwest is now in the process of sourcing a rig to undertake phase two diamond drilling to test mineralisation to roughly 700 metres down-dip
- Norwest ends the day 11.1 per cent in the red with shares trading at 6.4 cents
Norwest Minerals (NWM) has intersected strong gold mineralisation in the first three holes at its Bulgera Gold Project in Western Australia.
The drilling program tested the new high-grade gold lode from 200 metres to 400 metres downdip of the shallow Bulgera open-cut.
A total of seven holes were drilled with 953 metres of reverse circulation (RC) pre-collars and 1406 metres of diamond core tails.
Notably, all seven holes intersected the target shear zone with the core displaying widths and geological features consistent with the high-grade RC gold zones.
Results include three metres at 4.1 grams of gold per tonne (g/t) from 166 metres, six metres at 2.07g/t gold from 195 metres at 16.5 metres at 1.2g/t gold from 128 metres.
The company expects to receive results from the remaining four holes in the next few weeks and once all have been received, Norwest will undertake resource modelling.
“Assay results from the first three diamond holes confirm that strong gold mineralisation extends beyond 400 metres down dip of the shallow Bulgera open pit,” CEO Charles Schaus said.
“Once the gold assays from the remaining four diamond holes are received, the company will commence re-modelling the Bulgera gold resources which should add considerably to the current, 94,000-ounce, gold resource reported in April 2020.”
Norwest is now in the process of sourcing a rig to undertake phase two diamond drilling to test mineralisation to roughly 700 metres down-dip.
Norwest has ended the day 11.1 per cent in the red with shares trading at 6.4 cents in a $13 million market cap.