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Woomera Mining (ASX:WML) extends Three Bears Prospect

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ASX:WML      MCAP $4.872M
23 August 2021 16:00 (AEST)

Source: Woomera Mining

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.

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