The Conversation (0)
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.
Drilling Commenced at Viani in Fiji
HIGHLIGHTS
- The Phase 1, three-hole diamond drilling program has commenced at the Viani Project, Fiji and will test for extensions to the quartz vein gold mineralisation at depth.
- Phase 1 is expected to be completed in early 2025, with plans for additional drilling under the same program dependent on the initial results
- The Viani Project (SPL1513) covers an area of approximately 200km2 and is largely underexplored.
- At the Dakuniba prospect within Viani, low sulphidation epithermal high-grade gold mineralisation has been mapped over >3km strike length.
- Diamond drilling completed by Japan International Cooperation Agency (JICA) in 1995 to 1997 intersected high-grade gold in low sulphidation epithermal quartz veins, including 0.6m @ 27.6 g/t Au.
Alice Queen’s Managing Director, Andrew Buxton said,
With drilling underway, Alice Queen is positioned to test the epithermal gold-style mineralisation identified in historic drilling at the Viani Project. Weather permitting, we anticipate completing the Phase 1, three-hole diamond drilling program in early 2025. Following this, our exploration team will mobilise the drill rig to the Sabeto Project in Fiji to maintain the momentum of this campaign. To deliver timely results to shareholders, we intend to accelerate the analysis of the drill core at ALS Brisbane.”
Image 1 – Diamond drilling at Viani
Details
Geology
The geology of the Viani Project (SPL 1513) comprises olivine basalts and volcaniclastics of the Natewa Volcanic Group which are intruded by andesite sills and dykes. In the 1940s, gold mineralisation was found by local prospectors near the village of Dakuniba. At Dakuniba, low sulphidation style epithermal gold occurs in quartz veins, and silicified rocks along a 3km long NE trending zone.
In 1995-1997, Japan International Cooperation Agency (JICA) drilled six diamond holes at Dakuniba and intersected high-grade gold in chalcedonic, crustiform, colloform banded quartz veins at depths of 50m to 100m below surface (i.e. MJVFV-5 intersected 2.2m @ 11.3 g/t Au, incl 0.6m @ 27.6 g/t Au at 121m downhole). This high-grade gold mineralisation is open in all directions.
Proposed Drill program
The initial Phase 1 drill program at Viani (see Table 1) will comprise three diamond drillholes designed to test continuity to the epithermal gold mineralisation previously intersected in JICA drillhole MJVFV- 5 (2.2m @ 11.3 g/t Au) (see Figure 2). The drilling will test for extensions to the gold mineralisation at depth and along strike.
Click here for the full ASX Release
This article includes content from Alice Queen Limited, 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.
