Western Yilgarn NL (ASX: WYX) (“Western Yilgarn” or “the Company”) is pleased to provide an update on developments relating to its 100% owned Julimar West Project (ELA 70/5111), located adjacent to Chalice Mining’s (ASX: CHN) Julimar Project in Western Australia. The Julimar Project contains the world-class 3MT NiEq Gonneville Resource (CHN ASX Announcement 31 July 2023) (Figure 2) and is located in a Tier 1 mining region.

HIGHLIGHTS

• High-grade extensions to Gonneville resource area boost Julimar West potential.
• Chalice Mining (ASX:CHN) ASX announcement on July 31, 2023 highlights exceptional new zones of high-grade mineralisation at Gonneville.
• The Chalice discovery in 900m step-out drilling is in a new gabbro host unit that presents a new and exciting target for Gonneville.
• The new zones are 2km from Julimar West with all mineralisation trending into Western Yilgarn’s Julimar West application area.
• Granting of the Julimar West application continues to progress with the WA Government advising of an extension of timing in the process for removal of File Notation Areas (FNAs).

Confirmation of the exceptional new zones of high-grade mineralisation in 900m step-out drilling (CHN ASX announcement 31 July 2023) is an exciting development for Western Yilgarn’s Julimar West Project and is a clear indication of the underlying potential of Julimar West. The Gonneville Intrusion is located less than 2.5km east of the Julimar West Project tenement border, with the Chalice interpreted fault running into the Julimar West Project area and mineralisation dipping into the Julimar West permit.

The Company expects the review into all FNAs to be completed shortly enabling the WA’s Department of Mines, Industry Regulation and Safety (DMIRS) to finalise its policies for granting applications subject to conditions.

Peter Lewis, Chairman of Western Yilgarn commented:

“Our Julimar West Project continues to enjoy positive market regard courtesy of the excellent exploration effort performed by Chalice Mining. This world-class mineralised zone discovered by CHN continues to be developed through ongoing exploration. Chalice’s ASX updates such as the most recent one on 31 July 2023 strongly supports the prospectivity extending into Julimar West. The grant of lease E70/5111 will enable Western Yilgarn to immediately commence a staged exploration program.”

Figure 1 - Current targets defined relative to the Gonneville intrusion.

Figure 2 – Julimar West Regional Location Map

Authorised for release by the Board of Western Yilgarn NL.

Click here for the full ASX Release

This article includes content from Western Yilgarn NL, 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.