The newly identified 2km-long soil target trends north, directly into a nugget field held by others under a prospecting licence
Western Yilgarn plans to test this target once EL 59/2881 has been granted
Meanwhile, LCT prospectivity has also been discovered
Special Report: Western Yilgarn’s historical data review over the Boodanoo Northeast application licence has proven a success following the identification of an exciting 2km gold target.
Western Yilgarn’s (ASX:WYX) Boodanoo project, about 90km south of Mount Magnet in WA, is the second project subjected to new-generation exploration practices which have delivered great results at the Ida Holmes Junction project, a further 50km south of Agnew.
The Ida Holmes project boasts 24 targets showing early prospectivity for copper-nickel-PGE and lithium-caesium tantalum (LCT) pegmatites, and counts mining giant BHP as its neighbour given the close proximity to the Leinster and Mt Keith nickel operations.
Boodanoo, on the other hand, is an early-stage exploration project on the interpreted trend of a regional NNE trending fault.
It currently comprises two granted exploration licences (E59/2496 and E59/2838) which cover a combined area of ~50km2, plus the recent exploration lease application concerning EL59/288.
Upon successful granting of this ~80km2 lease applicatoon, the Boodanoo project area will increase to ~130km2.
New gold opportunity
While Phase 3 infill drilling has so far identified a 2.4km-long by 1.1km-wide LCT target on the 50km2 project, a separate gold opportunity has now also been identified.
This gold in soil target is on the pending north-east tenement where a review of historical data, held by Geoscience Western Australia, has been undertaken.
WYX says the target trends north directly into a nugget field (P59/2374) held by Little Ripper Gold Inc, a not-for-profit club for prospectors.
LCT and gold to boot
“Underpinning our early-stage success at the Boodanoo project was the identification of the LCT pegmatite zone to the southwest,” WYX chairman Peter Lewis says.
“Further exploration could enhance this zone which is very exciting.
“Assays from this recent round of auger work at Boodanoo will provide a clear direction with regard to potential drill targets.
“Separately, we now have a gold opportunity on the pending north-east tenement – the data review has certainly delivered a great opportunity to us especially when the gold pricing trend is considered.”
What’s next?
WYX will assess this target, as well as potential extensions, once application EL 59/2881 is granted.
The company will then liaise with the owners of P59/2374 to ascertain further targets.
This article was developed in collaboration with Western Yilgarn, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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