Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Westar Resources (WSR) completes the maiden reverse circulation (RC) drilling program at its Gidgee South Gold Project in Western Australia
  • Drilling began in May with aims to test multiple high-priority targets within a broad gold mineralisation corridor
  • A total of 56 RC holes were drilled by Frontline Drilling and results are undergoing analysis and are expected in six weeks
  • RC drilling will now begin at Westar’s Winjangoo Project to test several high-priority targets identified via geochemical auger sampling
  • Westar has ended the day 5.26 per cent in the red with shares trading at 18 cents

Westar Resources (WSR) has completed the maiden reverse circulation (RC) program at its Gidgee South Gold Project.

The Gidgee South Project lies in the Gum Creek Greenstone Belt 55 kilometres northeast of Sandstone in Western Australia.

Drilling began in May with aims to test multiple high-priority targets within a broad gold mineralisation corridor.

Several holes were also drilled to test geological units and structural features along strike and down plunge of historical workings.

A total of 56 RC holes, for 4258 metres, were drilled by Frontline Drilling and results are now undergoing assay at ALS Perth.

Due to the backlog of results in all laboratories around Western Australia increasing over the past few months, Westar expects results in six weeks.

The drill rig and crew has now re-mobilised to begin the maiden RC drilling program at the Winjangoo Project.

Around 4000 metres of drilling will be undertaken to test several high-priority targets identified via geochemical auger sampling.

“We are excited to have completed the maiden RC drilling program at the Gidgee South Gold Project and noted many of the holes intersected indicators of potential mineralisation, which validates our conceptual mineralisation model,” Managing Director Karl Jupp said.

“At Winjangoo our geologists have identified several highly prospective targets based on a combination of geochemical anomalies, airborne magnetic interpretations and convergence of outcropping pyritic quartz veins.”

Westar has ended the day 5.26 per cent in the red with shares trading at 18 cents in a $9.57 million market cap.

WSR by the numbers
More From The Market Herald
Venus Metals (ASX:VMC) - Managing Director, Matthew Hogan

" Venus Metals (ASX:VMC) intersects encouraging mineralisation at Vidure

Venus Metals (VMC) has intersected encouraging copper-nickel-platinum group element (PGE) mineralisation at the Vidure Prospect.

" Whitehaven Coal (ASX:WHC) uses record prices to pay down debt

Whitehaven Coal (WHC) will use the uplift

" Alderan Resources (ASX:AL8) commences drilling at Detroit

Alderan Resources (AL8) has commenced drilling at its Detroit copper gold project, located in the US state of Utah.
RareX (ASX:REE) - Managing Director, Jeremy Robinson

" RareX (ASX:REE) begins scoping study at Cummins

RareX (REE) has begun a scoping study at its flagship Cummins Range Critical Metals Project.