Australian Silica Quartz has initiated a 1600m reverse circulation drilling program at its 100% owned Koolyanobbing Metals Project.
Situated 50km northeast of Southern Cross in the Yilgarn Region, Western Australia, the project is considered promising for base metals, gold, lithium, and high purity quartz.
The current drilling aims to target gold, nickel, and copper.
The drilling will scrutinise two well-defined, late-time, fixed-loop electromagnetic conductors and several high-priority gold targets within the 6km strike length of the Golden Wishbone Gold Trend.
One of the primary targets, Conductor VC4, is located within an interpreted mafic/ultramafic volcanic sequence in the underexplored Koolyanobbing Greenstone Belt.
Additionally, the Island Gossan Conductor lies within a felsic volcanic unit, amidst a sequence of banded iron and metamorphosed mafic rocks.
The configuration suggests near-surface potential, further supported by historical rock chip values reaching up to 1150ppm Cu and 0.04ppm Au.
CEO and company secretary Sam Middlemas stated, "The commencement of this reverse circulation drilling program marks an exciting phase in exploring the high potential targets at Koolyanobbing."
The company's previous soil sampling of the Koolyanobbing Shear Zone has delineated significant gold anomalies within the Golden Wishbone Gold Trend.
The historic Golden Wishbone mine shaft within this area previously yielded 204oz gold at an average grade of 18g.
Australian Silica Quartz Group is an Australia-based mineral exploration company. The company holds a number of hard rock quartz and high-grade silica sand projects in various stages of development.
At the time of reporting, Australian Silica Quartz’s share price was $0.027.