Highlights
- Further high-grade gold intersected at Yandal West, including:
- 6m @ 2.24g/t gold from 79m depth (including 1m @ 4.27 g/t) (HFRC025)
- 1m @ 11.6g/t gold from 82m depth (HFRC040)
- 1m @ 3.08g/t gold from 89m depth (HFRC041)
- New results indicate drilling continues to intersect numerous mineralised structures containing veining and alteration
- The next Phase in the systematic drill testing of the Yandal West Gold Project has commenced
- Approximately 1,500m of RC drilling is planned for this Phase to focus on the 3.5km long eastern gold-in-soil trend at May Queen
Summary
Great Western Exploration Limited (“the Company”; “Great Western”) (ASX: GTE) is pleased to announce that latest RC drilling results at its Yandal West Gold Project indicates drilling continues to intersect numerous gold mineralised zones within the large 3.5km x 1.5km May Queen gold-in-soil anomaly. These zones generally consist of shearing, veining and alteration that include high grade lodes.
Drilling to date has consisted of broadly spaced lines over 3km of strike that have intersected strong gold mineralisation with associated shearing, veining and alteration at 5 of the 6 locations. The Company estimates that only approximately 10% of the May Queen prospect area has been tested to date.
These latest results re-affirm the Company’s view that the May Queen prospect is a highly prospective gold structural setting with the possibility of the gold-in-soil anomaly mapping out an extensive gold system related to this setting.
Based on success of the drilling to date, the Company has the made decision to continue with its systematic drill testing of the May Queen prospect, and RC drilling commenced over the weekend with a further 1,500m of RC drilling planned to test the eastern gold-in-soil trend.
