Western Mines Group (ASX:WMG) reported geochemical assay results from four Phase 3 reverse circulation drill holes at its Mulga Tank Project in Western Australia's Eastern Goldfields.
The assays for holes MTRC047 to MTRC050 confirm broad intersections of nickel sulphide mineralisation, all extending south of previously tested zones in the Mulga Tank Complex.
Managing Director Caedmon Marriott noted, "We've stepped out further to the south with these Phase 3 holes, in some cases up to 400m from our previous drilling. This is well outside the area modelled in our JORC exploration target which was based on the Phase 1 program."
Marriott added, "We are still seeing nickel sulphide mineralisation, and the system just keeps getting bigger."
The results include notable intersections such as MTRC047 with 188m at 0.28% Ni, 129ppm Co, 57ppm Cu, and 23ppb Pt+Pd from 112m, highlighting the potential for a globally significant nickel sulphide deposit.
All holes ended in mineralisation, suggesting considerable sulphide continuity outside previously explored limits.
Assay targets were both to in-fill and extend mineralisation boundaries, with promising results augmenting the project's potential.
The results will feed into geological modelling and future exploration strategies, aimed at further understanding and defining the Mulga Tank Complex nickel sulphide system.
To date, assay results have been received for 11 out of the 19 Phase 3 reverse circulation holes drilled, with plans for further exploration to ascertain the mineralisation limits and highest-grade zones within the system.
At the time of reporting, Western Mines Group’s share price was $0.24.