- Western Mines (WMG) completes its maiden reverse circulation (RC) drilling program at the Rock of Ages Project in Western Australia
- Five RC holes were drilled to target the extensive trend of historical high-gold workings
- All the holes intersected quartz veining and zones of dispersed pyrite and arsenopyrite
- Samples are currently on route to ALS laboratory in Perth for gold analysis by fire assay with results expected in five to six weeks
- Western Mines ends the day in the grey with shares trading at 18.5 cents
Western Mines (WMG) has completed its maiden reverse circulation (RC) drilling program at the Rock of Ages Project.
The Rock of Ages Project lies around 32 kilometres southeast of Laverton within the Eastern Goldfields Province in Western Australia.
Five holes, for 654 metres, were drilled to target the extensive trend of historical high-gold workings.
This program was the first to properly test the depth potential of the high-grade gold mineralisation associated with historical workings.
All the holes intersected quartz veining and zones of dispersed pyrite and arsenopyrite.
Western Mines is encouraged by the findings with multiple indicators of potential mineralisation identified.
Samples are currently on route to ALS laboratory in Perth for gold analysis by fire assay with results expected in five to six weeks.
Managing Director Caedmon Marriott said he was pleased the company had completed the drilling program.
“Rock of Ages was a walk up target given the concentration of high-grade historical workings that had never been properly tested at depth,” Mr Marriott said.
“The program was designed to target an inferred dipping mineralised horizon and we are encouraged by the execution of the drilling and the results observed.
“Every hole intersected zones of quartz veining and disseminated pyrite and arsenopyrite, within the silicified and sheared felsic volcanic unit, at the predicted target horizon.”
Western Mines ended the day in the grey with shares trading at 18.5 cents in an $8.10 million market cap.