Join our daily newsletter At The Bell to receive exclusive market insights
- Norwest Minerals (NWM) has intersected up to 72g/t gold from the Bulgera Gold deposit in Western Australia
- Reverse circulation drilling began on January 15, with Drill West hired to drill below the Bulgera and Mercuri deposits and test for gold mineralisation
- After five holes were drilled at Bulgera, Drill West undertook a mandatory seven-day break beginning on January 25
- Due to Western Australia’s five-day snap COVID-19 lockdown, the break was extended to February 10
- West Drill are now drilling at the Mercuri Deposit and results are expected in mid-March
- Norwest is down 2.17 per cent on the market and shares are trading at 9 cents
Norwest Minerals (NWM) has intersected up to 72g/t gold from the Bulgera Gold deposit in Western Australia.
Bulgera is part of the Marymia East Gold Project which covers an area of 266 square kilometres and lies 55 kilometres northeast of Sandfire Resources’ (SFR) DeGrussa copper mine.
Reverse circulation (RC) drilling began on January 15 with Drill West hired to drill 14 holes below the Bulgera and Mercuri deposits to test for gold mineralisation.
After five holes were drilled, for 1246 metres, Drill West took a mandatory seven-day break beginning on January 25.
Due to Western Australia’s five-day snap COVID-19 lockdown, the break was extended to February 10.
West Drill are now back on-site drilling at Mercuri after two additional holes were drilled at Bulgera.
Results for these two Bulgera holes and all Mercuri holes are expected to be available by mid-March.
So far, a best result of five metres at 15g/t gold from 194 metres including one metre at 72g/t gold has been returned.
Interestingly, this intersection lies 250 metres down-dip from a previous intersection of two metres at 7g/t gold.
This new high-grade result will aid Norwest in determining the geological features that control the Bulgera mineralisation and help in future drill hole planning.
Norwest has begun planning additional RC holes to test areas up, down dip and along strike of the new gold intercept.
“This sensational intersection supports our observations that gold tenor within the Bulgera Mine Sequence increases with depth,” CEO Charles Schaus said.
“Our team is now planning additional RC holes to test for gold mineralisation up and down dip and along strike of this intersection. The implications regarding significant gold resource increases below the Bulgera and Mercuri open pits and cannot be ignored,” he added.
Norwest is down 2.17 per cent on the market and shares are trading at 9 cents at 2:04 pm AEDT.
