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Colin Hay

Westar Resources (ASX: WSR) reports that a strong geochemical anomaly indicative of pathfinder elements associated with precious / base metal mineralisation has been identified in a geological review covering select areas of the Gidgee North Project.

The review initially focused on assay data from previous drill programmes and Westar says the presence of an underlying distinct ‘bullseye’ geophysical anomaly suggests an intrusion near-surface, supporting intrusion-related mineralisation models. Drill planning to further explore the potential of this anomaly is underway.

“The significant pathfinder geochemical signature we’ve identified as Mageye is supported by a strong geophysical anomaly defined by not one but two techniques, creating a compelling exploration target,” CEO Jason Boladeras said.

“We’re now eager to drill this target to understand if there is any gold / base metal mineralisation is associated with it. Separately, I’d like to thank all who have been supportive as I settle-in to my new role as CEO and I look forward to the challenge of building success for the company with the Westar Team”.

The Mageye Prospect is underlain by a distinct ‘bullseye’ geophysical feature about 300m wide, totally concealed by approximately 5-10m of transported cover. The feature is defined by multiple geophysical techniques.

Depth to the top of the bullseye feature from surface was unknown. However, gravity and magnetic geophysical data can be used together to generate models that estimate depth to a reasonable degree of accuracy.

Westar is currently reviewing additional geological data to aid in planning a RC and/or diamond drill programme at the Mageye Prospect, followed by ranking it in a priority list with other Westar exploration targets.


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