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WA1 Resources (ASX:WA1) begins maiden drill program at West Arunta

ASX News, Mining
ASX:WA1      MCAP $1.092B
13 July 2022 16:43 (AEST)

RC drill rig at West Arunta. Source: WA1 Resources

WA1 Resources (WA1) has begun its maiden drilling program at the West Arunta Project in Western Australia.

Drilling will focus on the Pachpadra and Luni prospects with the aim to assess the areas for host mineralisation.

Four reverse circulation (RC) holes will be drilled at Pachpadra and two RC holes will be drilled at Luni to test each of the peak gravity and magnetic highs associated with large geophysical anomalies.

The holes will be drilled to depths between 240 to 400 metres and drilling is expected to take roughly three weeks.

Results will be announced once assays have been received for all holes.

WA1 will use a $150,000 Exploration Incentive Scheme grant from the Western Australian Department of Mines, Industry Regulation and Safety to drill the P1 and P2 targets at Pachpadra.

“We have now commenced the first drill testing of significant geophysical anomalies in a region which has seen extremely limited exploration and where potential remains to make a major discovery,” Managing Director Paul Savich said.

“We have systematically advanced our understanding of the West Arunta Project over the
past four years with a focus on acquiring complementary datasets. This work has reinforced the relevance of our exploration model and provided the confidence to undertake our maiden drilling program.”

WA1 has ended the day 7.69 per cent in the green with shares trading at 14 cents.

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