Unlocking untouched gold at Yalgoo

Premier1 Lithium has identified significant exploration potential for gold and copper within its existing portfolio, following a strategic review of historical exploration data.

The review, which comes amidst a subdued lithium market, has uncovered key targets at the Yalgoo project, with both immediate and long-term opportunities.

“The Yalgoo project has surprised me with the numerous high-grade gold intercepts at near surface that have been largely untouched since the 1990s,” Premier1 managing director Jason Froud said.

Historical drilling results at Yalgoo include high-grade intercepts such as 5m at 5.1 grams per tonne (g/t) gold, 2m at 20.8g/t gold and 10m at 6.4g/t gold, with gold mineralisation untested both at depth and along strike.

This means Premier1 has clear drilling opportunities within the 25km of untested shear zones south of Wadgingarra.

Premier1 entered the Yalgoo project in May 2023 through a farm-in agreement, initially focusing on lithium.

Nonetheless, the substantial gold potential in the area has refocused the company’s priorities.

Historical data from the project area, particularly from Mount Kersey Mining NL, indicates untapped opportunities across several key prospects, including Crescent, Olive Queen, Cumberland, and Carlisle.

“With sporadic drill testing and an average drilling depth of only 46 metres, the Yalgoo project is essentially unexplored at depth and along strike,” Froud said.

“Geological review work by our technical team has identified a number of walk-up drill targets with excellent potential to yield a substantial gold resource.

“Upon completion of our technical review, we intend to begin a field work to test these targets and I look forward to a steady stream of news flow going forward.”

With promising historical data and extensive exploration ahead, Premier1 is positioned to generate considerable interest in its gold and copper exploration activities at Yalgoo, while maintaining a long-term focus on lithium.