The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Western Mines (WMG) returns further nickel-copper-platinum group element mineralisation at the Mulga Tank project in WA’s eastern goldfields
  • The company received initial geochemical assay results for 99 samples taken from two targets, which covered a total of 76.9 metres
  • Sampling predominantly focused on intervals where nickel sulphide blebs and veinlets were sighted, which returned 83 per cent nickel and 0.3 g/t platinum and palladium
  • Further assay results are still pending, while a crew will mobilise to the site soon to complete a downhole electromagnetic survey
  • Western Mines is trading steady at 13.5 cents at 1:49 pm AEST

Western Mines (WMG) has returned further nickel-copper-platinum group element mineralisation at the Mulga Tank project in Western Australia’s eastern goldfields.

The company received initial geochemical assay results for 99 samples taken from two targets.  

The samples covered a total of 76.9 metres from the 1337.6 metres of diamond core drilled across the four holes, with sampling predominantly focused on intervals where nickel sulphide blebs and veinlets were sighted.

The assay results then confirmed visual observations, with multiple anomalous nickel-copper-cobalt-platinum group element (PGE) intersections identified.

Geochemical assay results confirmed the mineralisation with significant anomalous results including 1.6 metres at 0.83 per cent nickel and 0.3 grams per tonne (g/t) platinum and palladium from 304 metres.

This included 0.4 metres at 1.34 per cent nickel and 0.55 g/t platinum and palladium from 304.4 metres, and 0.4 metres at 1.29 per cent nickel and 0.43 g/t platinum and palladium from 153.6 metres.

“The fact that thin one per cent nickel intersections over 0.4 metres to one metre sampling intervals, with associated copper, cobalt and PGE credits, provides great encouragement for the potential high-grade tenor of the mineral system at Mulga Tank, with the goal now being to find the source of these likely physically remobilised massive sulphides,” Managing Director Caedmon Marriott said.

Further assay results are still pending, which will be reported once they’re received. Meanwhile, a crew will soon mobilise to the site to complete a downhole electromagnetic survey.

Western Mines was trading steady at 13.5 cents at 1:49 pm AEST.

WMG by the numbers
More From The Market Online

Inca’s plan to drill IOCG targets in the Top End sends shares soaring 40%

Inca Minerals keep pushing up - rising 40 percent - as the company announces plans to…
The Market Online Video

Market Update: Real estate opens ASX door into the green zone

The ASX is up more than half a per cent – beating future’s earlier predictions.

Brightstar kicks off drilling at expanded 1.45Moz portfolio

Brightstar Resources has rolled out a program of up to 30 kilometres of drilling across its…