Exploration/Development, Gold, Lithium, News

Western Yilgarn strikes gold

gold,

Western Yilgarn has defined a 2km long gold in soil target at its Boodanoo project south of Mt Magnet in Western Australia.

According to the company, the target trends north directly into a nugget field held by others under a prospecting license, indicating the target’s potential.

Western Yilgarn also hit another milestone at Boodanoo, with phase three  infill and extensional geochemistry being successfully completed across the 2.4km long and 1.7km wide lithium caesium tantalum (LCT) target at the project.

Boodanoo is an early-stage project comprised of two granted exploration licenses over an area of 50km2. A third licence is pending, which will boost the project area to roughly 130km2.

“Underpinning our early-stage success at the Boodanoo project was the identification of the LCT pegmatite zone to the southwest,” Western Yilgarn chairman Peter Lewis said.

“The recent Phase 3 infill programme could further enhance this zone which is very exciting.

“Separately, we now have a gold opportunity on the pending north-east tenement.

“The data review has certainly delivered a great opportunity to us especially considering the gold price has recently trended into record territory.”

Western Yilgarn owns a number of projects, including the Ida Holmes Junction project, which is located at the intersection of the Holmes Dyke and Ida Fault.

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

A joint venture with Fleet Street has added roughly 207km2 to the project and enables significant coverage of the Holmes Dyke.

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