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Is this the next West Musgrave? 

West Musgrave, copper

Western Yilgarn (WYX) has highlighted the significance of its Ida Holmes Junction project in WA, with geological similarities to BHP’s Tier-1 West Musgrave asset.

Ida Holmes Junction, the new name for the Bulga project, is located at the intersection of the Holmes Dyke and Ida Fault.

Significantly, the Holmes Dyke gabbro is the same rock type as the West Musgrave nickel-copper-platinum group elements project, which has a mineral resource of 390 million tonnes at 0.31 per cent nickel and 0.33 per cent copper.

In late-January, Western Yilgarn entered into a joint venture (JV) agreement with Fleet Street Holdings, enabling WYX the opportunity to earn-in between a 51 per cent and 80 per cent interest in four tenements along the Holmes Dyke and Ida Fault.

Through the transaction, Western Yilgarn has boosted its Bulga project tenure from 477km2 to 684km2. This agreement paved the way for Bulga to be renamed as Ida Holmes Junction.

“It’s very rewarding to see the continued evolution of this exciting project both in name and area,” Western Yilgarn chair Peter Lewis said.

“The Holmes Dyke is the predominant feature contained in the Fleet Street tenements which adds a significant new dimension to unlocking the excellent prospectivity appearing to reside in our tenements.”

Western Yilgarn announced last week that, after completing a Phase 3 (200m x 100m infill) auger drilling campaign, it had identified a series of high-priority targets at the previously named Bulga project.

An additional 1338 holes were drilled as part of the campaign, which highlighted 24 new targets including 13 nickel-copper-platinum group elements (PGE) targets, and 11 lithium-caesium-tantalum pegmatite targets.

Western Yilgarn will initially focus on two high-priority nickel-copper-PGE targets close to the highly prospective Ida Fault and Holmes Dyke junction, which are untested to the south.

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