- Woomera Mining (ASX:WML) hits thick pegmatites in initial drillholes at its Ravensthorpe projects in WA
- The company intersected pegmatites in five of the seven holes drilled at the Mt Short joint venture so far
- Seven holes, totalling 877 metres, represent the first stage of a larger 26-hole, 3000-metre RC drill program covering the entire Ravensthorpe project area
- Drilling will take a break for the festive season and resume on January 3, 2024
- WML shares are down 7.14 per cent, trading at 2.6 cents at 3:13 pm AEDT
Woomera Mining (ASX:WML) has hit thick pegmatites in initial drillholes at its Ravensthorpe projects in Western Australia.
The company reported intersecting pegmatites in five of the seven holes drilled at the Mt Short joint venture so far.
These seven holes, totalling 877 metres, represent the first stage of a larger 26-hole, 3000-metre reverse circulation (RC) drill program covering the entire Ravensthorpe project area.
From these initial holes, WML logged a total of 213 metres of pegmatite.
Drilling will take a break for the festive season and resume on January 3, 2024.
The Ravensthorpe projects comprise the Mt Short JV where Woomera can earn up to 70 per cent equity from Anax Metals (ASX:ANX) and its wholly-owned Mt Cattlin EL proximal to the south.
Together, these tenements span 103 square kilometres within the same greenstone belt as Allkem’s (ASX:AKE) Mt Cattlin lithium mine to the south.
Laboratory analysis of the pegmatite samples is expected in mid-late January 2024. Four RC holes remain to be drilled at the Mt Short JV, targeting areas under historic pegmatite intersections.
Additionally, 1523 samples from an auger program are pending analysis, with results anticipated in February 2024. On the wholly-owned Mt Cattlin tenement, 15 further RC holes are scheduled for drilling.
WML shares were down 7.14 per cent, trading at 2.6 cents at 3:13 pm AEDT.