Join our daily newsletter At The Bell to receive exclusive market insights
West Cobar Metals (ASX: WC1) has completed a further program of aircore drilling at its 100%-owned Salazar Critical Minerals Project, 120km north-east of Esperance in south Western Australia.
West Cobar said the program, comprising 63 aircore holes totalling 2,217 meters, was designed to extend and increase existing REE, TiO2 and Sc Inferred Mineral Resources at the Newmont deposit and SSW along the Newmont – Matilda South zone.
As part of the program, a small number of aircore holes were also drilled with the aim of establishing cover depth and testing the underlying geology to assist with additional target generation work. The additional targets are focused on copper, gold and carbonatite related mineralisation.
Assay results from the drill program are expected to be received during the period of July to August.
The Salazar Critical Minerals Project (consisting of the Newmont (REE/ TiO2 and scandium) and O’Connor (REE) deposits and exploration licences covering 1,171 km2 is situated in the Esperance district in Western Australia. All the project’s tenements are located on non-agricultural, undeveloped state land.
West Cobar was trading flat at 4.6 cents.
