Geophysical Gravity Survey Reveals High Priority Drill Targets At Cancet

Winsome Resources Limited (ASX: WR1; “Winsome” or “the Company”) is pleased to announce that results from detailed ground gravity surveying at the Company’s Cancet project in Quebec have exceeded expectations and provided several high priority drill targets which will be drilled as part of a subsequent campaign immediately following the current drilling campaign.

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HIGHLIGHTS

• Recent ground gravity survey accurately maps the known Cancet main pegmatite and highlights tremendous exploration upside under cover
  
• New targets will be tested in extension to the current drilling campaign
• Gravity surveying also imminent at Adina

The gravity method measures spatial variations in the Earth’s gravity field caused by contrasts in rock density. The intrusion of an elongated mineralised pegmatite swarm into mafic and ultramafic basement rocks at Cancet is anticipated to be expressed as a detectable, subdued gravity response.

The customised gravity processing accurately delineates the known pegmatite intercepts and suggests the main Cancet pegmatite could extend beyond existing drilling over 700m to the east. Furthermore, a previously untested 1,100m-long feature analogous to the main Cancet pegmatite lies approximately 200m to the north under shallow cover (see Figure 1).

Ground gravity surveying has since been extended to prospects outside the main Cancet area and is due to commence at Adina imminently.

Applications for approval to drill the newly identified targets will be submitted shortly and it is expected that they will be drilled early in 2023 once the current drilling campaign has concluded.

WINSOME’S MANAGING DIRECTOR CHRIS EVANS SAID:

“We were impressed to see how well the buried Cancet orebody can be traced in the ground gravity data. We are very excited to have identified over 1,800m of prospective strike which increases the Cancet exploration target footprint by over 250%. Timing could not have been better with the drill rig having just commenced at Cancet . The use of geophysics is unconventional for pegmatite exploration, but it is the natural strategy in areas where basement rocks are hidden by shallow cover and where systematic mapping and sampling fails. We are glad to have partnered with an innovative geophysical consultancy specialising in pegmatite exploration to deliver new undercover targets across our tenure without any environmental impact.”

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