M3 Mining Limited (ASX:M3M) has applied for five additional tenements have been applied for at the Edjudina Gold Project in WA.
The tenements surround Solstice Minerals Yarri Project which contains the recently announced gold mineral resource at Hobbes. In respect to M3 Mining’s current tenement portfolio, the tenure is located approximately 18km to the south-east of the El Capitan and Jump Up prospects along the prospective Keith-Kilkenny Tectonic Zone.
E 31/1367 is on the eastern side of the tenement group and is located three km west of Northern Star’s Porphyry mine operations. The ground is situated on a lithological suite of felsic- intermediate units and interpreted intrusive granitoids.
E 31/1363 – 1366 are on the western side of the tenement group and are situated along the NNW trending Yilgangi mineralised corridor consisting of ‘Pig Well Graben’ sediments and intrusive porphyritic quartz monzonite / syenite bodies. Gold mineralisation in the area typically consists of quartz-pyrite-gold vein stockworks within strongly haematite altered porphyritic units.
The mineralisation previously intersected at the Cassandra prospect shows strong similarities to this style and the interpreted geology indicates that the prospect is an encouraging exploration target.
M3 Mining is the sole applicant for five tenements adjoining the Edjudina Gold Project, a contested area bordered by Northern Star, Solstice Minerals, and Nexus Minerals. Among these tenements, two already hold known gold occurrences, and one boasts multiple historic drill intersections above 1 g/t Au. This strategic move expands the project’s size, and the company eagerly awaits the tenements grants to commence exploration of this prospective ground,” Executive Director, Simon Eley, said.
