logo-loader
viewGreat Western Exploration Limited

Great Western to begin high impact drilling at Ives Find within Yandal West Gold Project

The company believes the geological setting and nature of gold mineralisation at Ives Find is similar to the Jundee-style gold mineralisation.

Gold on table of elements
Analysis of recent diamond drilling has enhanced the company’s understanding of the high-grade gold mineralisation

Great Western Exploration Limited’s (ASX:GTE) detailed analysis of recent diamond drilling results has provided a substantial understanding of the nature and structural controls of gold mineralisation at Ives Find prospect within the wider Yandal West Gold Project in WA.

A high impact drilling program is set to kick off in May 2019 with 10 holes to be drilled to an average depth of 150 metres targeting interpreted wider zones below the current shallow intersections as well as some discreet structural targets.

The company believes high-grade gold mineralisation may increase with depth as it converges with underlying feeder faults, which are thought to form part of a regional-scale fault zone that the granite host may have intruded.

Plan showing the location of five drill indicated gold lodes.

Great Western managing director Jordan Luckett said: “Our technical team has done a great job in working out what is happening at Ives Find.

“Identifying an opportunity is what exploration is all about and I am excited that we are now in a position to embark upon this targeted program that has the potential to define a major new discovery.”

There is also evidence of a large gold system at depth that includes:

  • The mineralogy similar to other major gold systems in the Yandal gold belt (Jundee and Darlot); and

  • The width and intensity of the gold-related alteration in drilling and a large 1.7-kilometre by 500-metre area in geophysical data mapping out demagnetisation.

Quick facts: Great Western Exploration Limited

Price: 0.002 AUD

ASX:GTE
Market: ASX
Market Cap: $2.51 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Great Western Exploration Limited named herein, including the promotion by the Company of Great Western Exploration Limited in any Content on...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Great Western Exploration kicks off next RC drilling phase at Yandal West...

Great Western Exploration Limited (ASX:GTE) managing director Jordan Luckett updates Proactive Investors on the next phase of reverse circulation drilling begun at the company’s Yandal West Gold Project in Western Australia. A total of 9 holes for about 800 metres will be completed across the...

on 9/8/19

2 min read