Woomera Mining Limited (ASX: WML) has received positive results from first phase of its aircore drilling programme at the Three Bears prospect within its Mount Venn gold project in the north-eastern goldfields of Western Australia.
The results have confirmed that the mineralised zone at Three Bears extends north for at least two kilometres along strike making the north-south extent of the mineralised zone at Three Bears approximately six kilometres in length.
The four metre composite assay results from its Phase One exploration drilling programme, comprising 83 aircore holes for a total 2,826m drilled, was completed at the Three Bears prospect during November and December 2019.
The programme was designed to test for a potential strike extension of the known gold mineralised zone.
Woomera’s Managing Director Gerard Anderson said the assays compare favourably with the first assays from Cazaly Resources Limited and the Gold Road discovery of Gruyere.
The aircore drill results from our recent Three Bears drilling have extended the zone of gold anomalism to over six kilometres in strike length,” Mr Anderson said.
“Several intersections will be followed up with deeper RC drilling. That drilling will also test known high grade quartz veining at Chapman’s Reward, Lang’s Find and Jutson’s Rocks once those drill sites have been cleared by an ethnographic clearance survey planned in February/March 2020.
“The Mt Venn Project is a particularly exciting opportunity for the company that requires systematic drilling and evaluation. Our immediate plan is to concentrate on Mt Venn’s gold potential where we have identified 11 gold- in-soil anomalies that will require systematic drilling and evaluation.”
All aircore holes were drilled on 100m x 200m grid to blade refusal in the penetrable regolith to depths ranging from one metre to 80 metres. Average hole depth was approximately 40 metres.
Mr Anderson said the gold results confirm that the wide zone of gold anomalism at Three Bears (announced by Cazaly Resources Limited on 27 February 2017).
A strong halo of nickel-cobalt- chrome mineralisation also persists over the eastern margin of the prospect.
The Mt Venn Project is 80% owned by Yamarna West Pty Ltd, which became a wholly owned subsidiary of Woomera in September 2019.
The project consists of two Exploration Licences covering approximately 400 square km in the Yilgarn Craton.
The establishment of Gold Road Resources Ltd’s Gruyere gold mine (155.4 Mt @ 1.32 g/t Au for 6.61M oz) just 30 km west of Mount Venn project has made significant improvement to the logistics of exploring in this remote region.