Source: Woomera Mining
The Market Online - At The Bell

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

  • Woomera Mining (WML) extends its Baby Bear prospect over 2.4 kilometres of strike following a drilling program at its Mt Venn Joint Venture Project in WA
  • A maiden reverse circulation drilling program at the Three Bears gold prospect returned broad thicknesses of gold mineralisation, including 15 metres at 0.7 grams of gold per tonne (g/t) from 140 metres at the Baby Bear lode
  • Phase 2 reverse circulation infill and extension drilling is now being planned to test the Three Bears thrust along strike and Baby Bear down dip
  • Woomera Mining closed 4.55 per cent down at 2.1 cents on August 23

Woomera Mining (WML) has extended its Baby Bear prospect over 2.4 kilometres of strike following a drilling program at its Mt Venn joint venture project.

A maiden reverse circulation drilling program at the Three Bears gold prospect in WA returned broad thicknesses of gold mineralisation, including 15 metres at 0.7 grams per tonne (g/t) gold from 140 metres at the Baby Bear lode.  

A shallow 47 metres at 0.3 g/t gold aircore intersection drilled at the lode confirmed the continuity over the strike length and oxide mineralisation to within 10 metres from surface.

Each of the three lodes, Mama Bear, Baby Bear and Papa Bear, has a combined strike of 5.2 kilometres, with each remaining open down plunge and along strike.

The Papa Bear Lode returned intervals of 35 metres at 0.2 g/t gold from 113 metres.

Meanwhile, the Mama Bear Lode has been drilled over 600 metres of strike, and remains open to the north, with gold mineralisation associated with quartz veinlets and disseminated sulphides.

Phase 2 reverse circulation infill and extension drilling is now being planned in order to test the Three Bears Thrust along strike and Baby Bear down dip.

The joint venture also intends to trace the diorite south to where it intersects the higher-grade shoots within the Mama Bear Lode.

Woomera Mining closed 4.55 per cent down at 2.1 cents on August 23.

WML by the numbers
More From The Market Online

Patagonia grows portfolio of REE and lithium-focused territory with exploration grants

Patagonia Lithium Ltd has been granted an additional 15 exploration licences in Argentina where it is…

The curious tale of Poseidon Nickel’s restart of works at Lake Johnston

Poseidon Nickel – now a penny-stock – has announced it's restarted exploration at Lake Johnston a…

Tambourah gets state govt grant for drilling at namesake gold project in WA

Tambourah Metals Ltd is set to prioritise diamond drilling at flagship gold project in WA after…

Vulcan smashes through $5/sh resistance level as final funding stage live

Vulcan Energy Resources has been on a comeback story YTD in 2024. It's now at the…