Balagundi Drilling Confirms Mineralised System With Size Potential

SensOre Ltd (SensOre or the Company) (ASX: S3N) is pleased to announce results from first pass drilling at its Balagundi Joint Venture project near Kalgoorlie, Western Australia. The program aimed to verify historical workings and results and build a stratigraphic and geochemical fingerprint for a more substantial drill program in 2022.

KEY POINTS

• First-pass RC drilling at Balagundi JV has revealed gold anomalism in the central target area
• Best results were from 21BGRC004 which returned 34m @ 0.54g/t Au from 96m, including:
  • 1m @ 5.4g/t Au from 96m
  • 2m @ 3.6g/t Au from 114m in a zone of 16m @ 0.8g/t Au from 114m
  • 1m @ 2.5g/t Au from 127m (reported in the 16m @ 0.8g/t Au above)
• RC program also intercepted elevated multi-element pathfinder elements within the mineralised corridors, indicative of a larger mineralised system nearby
• New infill gravity geophysics and machine learning on geochemical multi-element data has reinterpreted the geology and identified target corridors for SensOre's next phase of follow-up drilling
• SensOre has secured drill rigs for a larger follow-up drilling program commencing in Q2 CY22

“First pass early drilling coupled with new geophysics has generated some exciting follow-up targets proximal to the extensive Balagundi nugget field. SensOre’s methodical approach to early drilling, acquisition of infill geophysics and multielement geochem is paying off with elevated gold in all holes drilled. It is the beginning of an exciting period of exploration at Balagundi,” commented CEO Richard Taylor.

SensOre has developed proprietary AI-enhanced technology designed to advance the way companies integrate, interrogate and analyse geoscience data and increase the potential for mineral discovery. The Balagundi JV is one of the Company’s gold exploration projects in the Yilgarn Craton.

Click here for the full ASX Release

This article includes content from SensOre, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.