Premier1 Lithium has reported significant gold and copper exploration potential at its Yalgoo project in Western Australia, as it diversifies from its primary lithium focus.
In its latest quarterly report, the company highlighted the Yalgoo project’s strategic location within the Yalgoo-Singleton Greenstone Belt, a region known for hosting major copper-gold deposits, including Golden Grove and Deflector.
Historical data reveals high-grade gold intercepts, including five meters at 5.1 grams per tonne (g/t) gold and 10 meters at 6.4g/t gold, yet much of the Yalgoo project remains underexplored. “
This mineralisation remains largely untested at depth and along strike, presenting significant upside potential,” Premier1 said.
The historical drilling dates back over 30 years ago, primarily targeted shallow oxide zones, leaving deeper mineralisation and extensive shear zones untouched by modern exploration techniques.
The Yalgoo project spans 220 square kilometres, with over 25 kilometres of mineralised shear zones yet to be fully explored.
Premier1 has launched fieldwork to test these targets and confirm the mineralisation potential.
Key prospects include Olive Queen, Crescent, and Cumberland, which are the initial focus of this exploration phase.
Activities include close-spaced geophysical surveys, geological mapping, and geochemical sampling.
The company also plans a 3000m reverse circulation (RC) drilling program in the Wadgingarra area, aimed at verifying depth and strike continuity of gold mineralisation.
“The upcoming fieldwork is expected to provide a clearer understanding of the geological structures controlling the mineralisation and could unlock substantial value for the company,” Premier1 noted.
The Yalgoo project is strategically positioned near existing infrastructure and processing facilities, potentially allowing for accelerated development should significant resources be delineated.
With strong shareholder backing from Deutsche Rohstoff, Premier1’s exploration at Yalgoo represents a robust opportunity for resource expansion beyond lithium.
By capitalising on Yalgoo’s gold and copper potential, the company positions itself for near-term growth and to be more diversified.
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