Resources Quarterly Wrap: WA gold explorers test new ground

详细摘要

Verity’s aircore results add targets along a resource-bearing corridor as Riedel and Peregrine advance projects in Laverton and the Pilbara. ... Read More The post Resources…

WA explorers are testing gold targets with aircore drilling, soil sampling and bulk samples. Pic: Getty Images

The road from a promising gold anomaly to a defined deposit runs through increasingly focused exploration, drilling and technical work.

Across Western Australia, these three explorers are at different stages of that journey.

VRL’s Monument project near Laverton hosts a JORC resource of 2.5Mt at 1.72g/t gold for 137,700oz across the Korong and Waihi deposits.

A 58-hole, 2622m aircore program confirmed gold at A4, A1 and Perseverance along a 9km banded iron formation corridor, with 19 of 24 holes at A4 and A1 returning more than 0.1g/t gold.

Results included 8m at 0.73g/t from 8m at A1 and 7m at 0.73g/t from 12m at A4.

At A4, 13 of 15 holes returned gold across about 1.1km of strike, establishing the prospect as a priority reverse circulation target.

VRL plans to re-assay 1m splits from the best A4 and A1 composite intervals before RC drilling to define true width and grade.

Separately, soil sampling at Gum Well outlined a 1.1km gold anomaly, peaking at 64ppb, near a magnetic feature interpreted as an intrusive and copper-tellurium rock-chip pathfinders.

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