Western Mines (ASX:WMG) - Managing Director, Caedmon Marriott
Managing Director, Caedmon Marriott
Source: Western Mines
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Western Mines Group (WMG) discovers five major electromagnetic (EM) bedrock conductors at the Mulga Tank project in WA
  • The company is undertaking a moving loop EM survey at the project to explore conductors that may be associated with massive sulphide deposits
  • The targets were highlighted at the Central and Southern sectors where the survey has now been completed
  • Western Mines will now survey the Northwest sector and is preparing for a diamond drilling program to begin once the survey has been completed
  • WMG shares end the day 2.94 per cent in the green, closing at 17.5 cents

Western Mines Group (WMG) has identified a number of electromagnetic (EM) targets at the Mulga Tank project in Western Australia.

Over the last few months, the company has been undertaking a moving loop EM (MLEM) survey at Mulga Tank.

The survey was designed to explore EM bedrock conductors that may be associated with massive nickel-copper-platinum group element (PGE) sulphide deposits.

Results from the MLEM survey have highlighted five major bedrock conductor anomalies within the Central and Southern sectors.

Of these five targets the W Conductor, or the “Mulga Monster”, is one of two with an area of 1000 metres by 1000 metres, has the strongest conductance of about 2000 to 3000 siemens and is in a geologically favourable position.

Combined with Western Mines’ geological interpretation and nickel geochemical vectoring work, the conductors are considered as ‘robust’ drill targets.

Managing Director Caedmon Marriott said the targets support the company’s growing understanding and nickel exploration model of the project.

“These geophysical anomalies haven’t been tested by historical drilling, whilst our geological and geochemical vectoring work, in parallel with the geophysical survey, further supports them as exciting drill targets,” he said.

The MLEM survey has been completed at the Central and Southern sectors and will now move to the Northwest sector.

Western Mines is preparing for a 10 to 12-hole diamond drilling program that will begin once results are received from the survey at the Northwest area.

WMG shares ended the day 2.94 per cent in the green, closing at 17.5 cents.

WMG by the numbers
More From The Market Herald
The Market Herald Video

" Elsight (ASX:ELS) receives Halo order from Brazilian UAV services provider

Elsight (ASX:ELS) has received an initial order from Speedbird Aero, a leading Brazil-based comprehensive unmanned aerial…
The Market Herald Video

" NRW Holdings (ASX:NWH) signs contract extension for Curragh Mine

NRW Holdings' (ASX:NWH) subsidiary, Golding Contractors, signs a $1.2 billion contract extension with Coronado Curragh, a…
The Market Herald Video

" Strickland Metals (ASX:STK) uncovers new gold zones at Millrose project

Strickland Metals (ASX:STK) has announced more drill results from its Millrose gold project in Western Australia.

" Orexplore Technologies (ASX:OXT) shares soar on Oz Minerals (ASX:OZL) commercial agreement

Orexplore Technologies (ASX:OXT) has signed a binding agreement with Oz Minerals (ASX:OZL).