leadf
logo-loader
viewGreat Western Exploration Limited

Great Western Exploration identifies five new gold targets at Golden Corridor Project

The Wiluna fault zone is interpreted to extend through the Golden Corridor Project, from Wiluna to the Finlayson gold target.

Great Western Exploration Limited - Great Western Exploration identifies five new gold targets at Golden Corridor Project
An exploration program to test the new structural gold targets is planned

Great Western Exploration Limited (ASX:GTE) has identified five new high-priority bedrock gold targets at Golden Corridor Project within the Wiluna fault zone after undertaking initial aeromagnetic and geophysical analysis.

The results support the company’s interpretation that the Wiluna fault zone continues from Wiluna through to the Finlayson gold target, within the Golden Corridor Project.

Within the Golden Corridor, the vast majority of the gold is found in structurally complex settings within mineralised fault zones and the targets are typical of this style of gold mineralisation.

Shallow cover

In contrast with an historical assumption that much of this part of the Golden Corridor was under deep cover, the interpretation from 3D computer modelling that the basement undulates along the eastern margin of the project supports GTE’s belief that there are large areas under thin cover and possibly sub-cropping in areas.

Finlayson gold target in the northeastern section of the Golden Corridor Project fits this interpretation.

The identification of structurally complex gold targets under relatively shallow cover up and down the project area realises Great Western’s best expectations and comes after the company consolidated 100% ownership of continuous tenure in this part of the Golden Corridor.

Five new gold targets have been identified within the Wiluna Fault Zone.

Next steps

The company believes that the application of modern exploration techniques within the interpreted Wiluna Fault Zone at the Golden Corridor Project represents an opportunity of increasing and material scale.

Of the five new bedrock gold targets, it is possible that some can be tested with air core in the first instance, and others with RC.

Great Western will work with consultant Newexco to design those programs and looks forward to updating the market once the design of those programs (including that for the drilling of the Finlayson camp scale gold target) is complete.

Quick facts: Great Western Exploration Limited

Price: 0.275 AUD

ASX:GTE
Market: ASX
Market Cap: $31.95 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

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