- Western Mines (WMG) begins its maiden diamond drilling program at the flagship Mulga Tank Project in Western Australia’s Eastern Goldfields
- A total of 10 diamond holes will be drilled across multiple targets identified from previous programs
- Drilling is expected to take around three months to complete with each hole taking between eight to 15 days to be drilled, depending on the depth
- Based on the initial portable x-ray fluorescent and downhole electromagnetic results, additional follow-up holes will be planned
- Western Mines shares drop 1.72 per cent, trading at 28.5 cents per share
Western Mines (WMG) has begun its maiden diamond drilling program at the flagship Mulga Tank Project in Western Australia’s Eastern Goldfields.
A total of 10 diamond holes, for 4050 metres, will be drilled across multiple targets identified from previous programs.
These targets were identified via a combination of geophysical modelling of the recent moving loop electromagnetic (MLEM) results as well as the interpretation of the intrusion and geochemical vectoring work.
Drilling began this morning and is expected to take around three months to complete with each hole taking between eight to 15 days to be drilled, depending on the depth.
Based on the initial portable x-ray fluorescent (pXRF) and downhole electromagnetic (DHEM) results, additional follow-up holes will be planned.
“Drilling has now commenced at Mulga Tank and WMG has entered into what will hopefully be an exciting three to four-month period for the company,” Managing Director Caedmon Marriott commented.
“Each hole will take between eight to fifteen days to complete, depending on depth, and we will update shareholders on significant news flow as the program progresses.”
“The company is also pleased to have completed the due diligence hurdle for the sale of the Pavarotti Project iron ore rights to mineral resources. Cash proceeds of $200,000 are expected to be received this week and these funds will go towards expanding the Mulga Tank drilling program.”
Western Mines shares dropped 1.72 per cent, trading at 28.5 cents per share at 10:33 am AEST.