{"id":1524,"date":"2023-11-16T01:30:10","date_gmt":"2023-11-16T01:30:10","guid":{"rendered":"https:\/\/economicherald.net\/?p=1524"},"modified":"2023-11-16T01:30:10","modified_gmt":"2023-11-16T01:30:10","slug":"has-western-yilgarn-got-the-minerals-to-become-a-top-dog-on-the-ida-fault","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=1524","title":{"rendered":"Has Western Yilgarn got the minerals to become a top dog on the Ida Fault?"},"content":{"rendered":"<p>Auger drilling campaign commenced with ~600 of the planned 1,338 holes completed to date<br \/>\nTwo additional licenses have been applied for<br \/>\nBulga sits on the Ida Fault, a hotbed of activity for critical minerals exploration<br \/>\nRC drilling planned after high-priority targets identified<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report: <\/em><\/strong><strong>Phase 3 auger<\/strong><strong> drilling has commenced at Western Yilgarn\u2019s Bulga project in WA, where neighbouring projects are proving the potential of the Ida Fault.<\/strong><\/p>\n<p>The region is a hotbed of activity. Most recently, \u00a0<a href=\"https:\/\/stockhead.com.au\/company\/western-yilgarn-wyx\/\">Western Yilgarn\u2019s (ASX:WYX)<\/a> recently arrived neighbour <a href=\"https:\/\/stockhead.com.au\/company\/techgen-metals-tg1\/\"><strong>TechGen Metals (ASX:TG1)<\/strong><\/a> caught an absolute rocket after identifying high levels of lithium and other pathfinder elements, such as caesium tantalum and rubidium, in historical data.<\/p>\n<p>This greenstone belt also contains <a href=\"https:\/\/stockhead.com.au\/company\/delta-lithium-dli\/\"><strong>Delta Lithium\u2019s (ASX:DLI)<\/strong><\/a> advanced 12.7Mt @ 1.2% Li2O Mt Ida deposit, 50km to the south, while another recently arrived neighbour in <a href=\"https:\/\/stockhead.com.au\/company\/rio-tinto-rio\/\"><strong>Rio Tinto (ASX:RIO)<\/strong><\/a> also has tenure adjoining WYX.<\/p>\n<p>The Bulga project on the Ida Fault and major mining operations within the Goldfields mining district. Pic supplied: (WYX)<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><strong>Drilling continues<\/strong><\/h2>\n<p>WYX\u2019 Bulga project is comprised of four contiguous exploration licences and two applications which cover a combined area of ~477km2.<\/p>\n<p>Geologists are currently undertaking mapping and ground truthing of Ni-Cu-PGE and lithium pegmatite targets with an intensive auger drilling campaign.<\/p>\n<p>WYX says drilling is advancing, with ~600 of a total 1,338 planned holes in this round completed to date.<\/p>\n<p>Once completed, the total number of holes drilled on the E36\/1010, E36\/1011, E36\/1025 and E36\/1028 licenses rises to a whopping ~3,684.<\/p>\n<p>The infill program will provide an auger grid of 200m x 100m spacing across identified targets, with additional infill to 100m x 50m planned before an RC drilling campaign kicks off.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Additional leases<\/strong><\/h2>\n<p>WYX says it expects to apply the same auger geochemistry exploration to two additional Bulga leases, which currently remain under application.<\/p>\n<p>E36\/1065 is a ~136km2 lease contiguous to existing leases and sharing northern, eastern, and western boundaries of the current tenements, while E36\/1066 covers 138km2 lease and shares southern, eastern, and western boundaries.<\/p>\n<p>The selection of the additional licenses is \u201cpredicated on prospectivity arising from first-pass exploration activities\u201d.<\/p>\n<p>WYX chair Peter Lewis says Bulga continues to grow and develop as a strategic asset.<\/p>\n<p>\u201cWe are encouraged by our exploration results to date which we believe have contributed to the heightened exploration activity in the Yilgarn region of Western Australia,\u201d he says.<\/p>\n<p>\u201cThe 100%-owned Bulga exploration licences are a strategic asset which together with the Company\u2019s Julimar West, Boodanoo and Sylvania projects position the company as a fast growing exploration company in one of Australia\u2019s most prospective exploration regions.\u201d<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Western Yilgarn, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n<p>\u00a0<\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/has-western-yilgarn-got-the-minerals-to-become-a-top-dog-on-the-ida-fault\/\">Has Western Yilgarn got the minerals to become a top dog on the Ida Fault?<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Auger drilling campaign commenced with ~600 of the planned 1,338 holes completed to date Two additional licenses have been applied for Bulga sits on the <a href=\"https:\/\/economicherald.net\/?p=1524\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":1525,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Has Western Yilgarn got the minerals to become a top dog on the Ida Fault? 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