Western Mines Group (ASX:WMG) reports it has been awarded $220,000 from the Western Australian Government’s Exploration Incentive Scheme (EIS) to fund a deep drilling program at the Mulga Tank Nickel-Copper-PGE Project.
This funding was awarded to the company as part of EIS Round 26, and will fund 50% of the direct costs for 2 deep exploration holes at Mulga Tank.
Western Mines intends to use this funding to drill 2 over 1,000m drillholes into the Mulga Tank Ultramafic Complex, as part of its phase two drilling program scheduled for later this year.
These holes will be the deepest ever drilled at the project, and the company aims to characterise a complete cross section of the major dunite intrusion, as well as furthering Western Mines’ knowledge of the intrusion to help focus future exploration work.
The company also says these holes will also test major Type 1 (massive Perseverance-style) and Type 2 (disseminated Mt Keith-style) targets including the W Conductor and the gravity high at the base of the intrusion that the company believes represents the feeder system for the whole complex.
Western Mines Chairman Rex Turkington said the funding will be used to test ‘significant’ targets.
“Congratulations and great work by Caedmon, Ben and the exploration team in our successful application and EIS award.
“The maximum $220,000 award will be used for 2 exciting deep holes aimed at testing some significant targets and unlocking knowledge of the Mulga Tank Complex”
“The maximum $220,000 award will be used for 2 exciting deep holes aimed at testing some significant targets and unlocking knowledge of the Mulga Tank Complex.”
Based on the results of an initial 10-hole diamond drilling program completed between April and July this year, and incorporating the recent DHEM survey results and geochemical assays results, Western Mines is currently in the process of completing the drill targeting work for phase two drilling at Mulga Tank.
The company expects phase two drilling to begin at the end of November.
Western Mines Group is a mineral exploration company focused on discovering gold and nickel sulphide deposits across a portfolio of projects in Western Australia.
The Mulga Tank Nickel-Copper-PGE Project is the company’s flagship project, located in the Minigwal Greenstone Belt, and previous work has demonstrated evidence for a nickel sulphide mineral system.
Its primary gold project is Jasper Hill, where the company has consolidated a 3km mineralised gold trend with walk up drill targets adjacent to the nearby Lord Byron and Fish historical mines.
Western Mine’s other projects include the Melita Gold and Copper-Lead-Zinc Project, the Youanmi Gold Project, the Pavarotti Nickel-Copper-PGE Project, the Rock of Ages Gold Project, the Broken Hill Bore Gold Project, and the Pinyalling Gold-Copper-Lithium Project.
Images: Western Mines Group Ltd