Great Western Exploration Ltd (ASX:GTE) has been granted a trading halt ahead of an announcement relating to gold exploration targets at its Golden Corridor Project near Wiluna in Western Australia.
The trading halt will remain in place until Wednesday, August 5, or when an announcement is released to the market, whichever occurs earliest.
Golden Corridor Project exploration program
Great Western has consolidated 60 kilometres of strike within its highly prospective Golden Corridor Project in WA and is planning an exploration program to include drilling.
The project, which includes the high-priority Finlayson target, is on the Agnew-Wiluna greenstone belt in the northwest of the Kalgoorlie Terrane, along strike to the north of the Wiluna Mining Centre.
The Kalgoorlie Terrane or ‘Golden Corridor’ extends from as far south as Kambalda to as far north as the Plutonic gold mine and is host to many of the largest gold deposits in Australia and the majority of Western Australia’s past and present gold production.
Although the vast majority of the golden corridor has been extensively drill tested, Great Western’s 62-kilometre long, 976 square kilometre project area is practically untested.