All tagged Great Western Exploration ASX:GTE
Great Western Exploration (ASX: GTE) has successfully completed an entitlement issue and placement to raise $1.15 million (before costs), at an issue price of $0.004, with one attaching free listed option for each new share issued, exercisable at $0.01 on or before 30 June 2021.
Great Western Exploration (ASX: GTE) has completed RC drilling at the Ives Find prospect within its Yandal West gold project. A total of 9 holes for 1,354 m were completed with all holes reaching the targeted zones. The deeper drilling designed to test for feeder areas under the shallow high-grade gold lodes intersected veining and alteration within the target zones. Drilling designed to test structural targets also intersected intervals of veining, alteration and faulting in most holes.
Great Western Exploration (ASX: GTE) has begun RC drilling at the Ives Find prospect, located within its Yandal West gold project. The 1,000m program is targeting high-grade, Jundee-style gold mineralisation, with the results expected by late June.
Great Western Exploration (ASX: GTE) has announced it is undertaking a 1 for 5 non-renounceable entitlement issue to raise approximately $772,159, with the proceeds to be used for high-impact drilling work at the company's Yandal West gold project, alongside ongoing work at its Yerrida vanadium project.
The raising has been partially underwritten to $400,000.
Great Western Exploration (ASX: GTE) has provided its March quarter activities report to the market, a period which saw the company continue its exploration activities across its Yandal West, Yerrida and Lake Way projects.
Great Western Exploration (ASX: GTE) reports that detailed analysis of recent diamond drilling results has provided a significantly enhanced understanding of both the nature and the structural controls of the gold mineralisation at the Ives Find prospect, located within its Yandal West gold project. The company is planning to drill an initial 10 holes to an average depth of 150 metres to test new deeper targets.
Great Western Exploration (ASX: GTE) says it believes it has identifeid a new vanadium district at the Yerrida Basin (on which its Yerrida project sits), after recon field work revealed widespread vanadium over an 1,800 square kilometre area. The company plans to search for vanadium sulphide mineralisation and has identified three areas of interest.
Aspiring miner Great Western Exploration has received more promising results from drilling work at its Yandal West gold project, reinforcing that the gold mineralisation encountered at the Ives Find prospect has similar characteristics to the major Yandal deposits, and that it remains highly prospective.
Great Western Exploration (ASX: GTE) completed RC and diamond drilling at several targets across its Yandal West gold project during the December quarter. It also consolidated its strategic tenement coverage within the Yerrida Basin and now holds a total of 5,400km2 of the highly prospective proterozoic terrain.
Great Western Exploration (ASX: GTE) says it has completed its acquisition of Yerrida tenements from both Metalicity and Stella Resources in a cash and scrip deal. GTE believes the Yerrida is highly prospective for vanadium, nickel, cobalt, copper, lead and zinc, in which demand for these metals is predicted to increase significantly as the world transitions to renewable energy and electric vehicles.