Si6 Metals is another mining company making headway in the northern Goldfields of Western Australia, announcing promising assay results at its Monument gold project.
As the likes of Genesis Minerals, St Barbara and Red 5 explore regional consolidation opportunities, Si6 is carrying out an aircore (AC) drill program at various prospects within Monument.
Drilling was undertaken adjacent to and along strike of Dacian Gold’s Mt Morgans project.
Si6 recently received the final assay results from phase two of the AC drill program, with encouraging findings at the North Well, Celia and Aermotor prospects.
“The drilling intersected a wide range of prospective lithologies including granite, porphyry, gabbro, dolerite, ultramafic, sediment and felsic volcanic,” Si6 said in a statement.
“Some of the hole depths exceeded 100m, which is indicative of significant regional structures fundamental to the development of mineralised gold systems.”
Si6 said broad-spaced drilling returned numerous mineralised intercepts of more than 0.1 grams per tonne (g/t) gold from the North Well, Celia and Aermotor prospects over an 8km strike along the Celia Tectonic Lineament.
“(This) confirms that the poorly tested Celia Tectonic Lineament, which is almost entirely under transported cover, has potential to host significant gold mineralisation,” the company said.
Si6 exploration manager Michael Jackson said recent assays demonstrated the potential of North Well, in particular.
“North Well is emerging as a key target for Si6 with these results confirming the potential that was highlighted during historical drilling in this area,” he said.
“These results provide us with added confidence as we now look ahead to commencing the phase three aircore drilling program at MGP (Monument gold project) in October.”
Si6’s phase three-drill program will comprise infill and strike extension AC drilling at North Well and over the 8km strike along the Celia Tectonic Lineament. Phase three will commence in October.