- Western Mines Group (WMG) detects shallow copper-zinc mineralisation at its Mulga Tank project in WA
- The company says one hole intersected “significant” copper-zinc mineralisation between 110 and 134 metres
- Managing Director Caedmon Marriott says the mineralisation is likely associated with late-stage hydrothermal fluids around the complex
- The drill results will be incorporated into a follow-up drill program, targeted for November
- Shares in Western Mines Group are down 13.51 per cent to 16 cents per share at 10:30 am AEST
Western Mines Group (WMG) has detected shallow copper-zinc mineralisation at its Mulga Tank project in WA.
The company recently completed a ten-hole diamond drill program to test a wide range of geological and geophysical targets around the Mulga Tank Ultramafic Complex.
Western Mines said one hole in this program intersected “significant” copper-zinc mineralisation between 110 and 134 metres deep.
It was detected within a black shale unit of “extensive” banded sulphides which the company said could extend at strike and depth.
Managing Director Caedmon Marriott said the results from this recent drilling work were “very interesting”.
“The core of the EM anomaly was not drilled and this sulphide unit could be quite extensive,” Mr Marriott said.
“The mineralisation is likely associated with late-stage hydrothermal fluids around the complex or the geological environment possibly suggests nearby VMS-style mineralisation.”
Samples from drilling have been sent for assay and are expected over the next two months.
The results will be incorporated into a follow-up drill program, targeted for November.
Shares in Western Mines Group were down 13.51 per cent to 16 cents per share at 10:30 am AEST.