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.