Great Western Exploration defines large Sumo niobium anomaly at Yerrida North project

Small Caps
2024-09-12

Great Western Exploration (ASX: GTE) has used lag soil sampling to define a large new niobium anomaly within its wholly-owned Yerrida North project in Western Australia.

Known as Sumo, the anomaly measures 2 kilometres in length and 1km in width and is located 70km south-east of the high-grade DeGrussa copper-gold project owned by Sandfire Resources (ASX: SFR).

It is also situated 30km north-east of Great Western’s Oval and Oval South targets, where drilling is set to start later this month.

Heavy mineral program

Great Western has completed a heavy mineral concentrate program across the Sumo anomaly, which involved taking soil samples across the area of anomalism and completing a spectral analysis to define niobium and associated mineralogy.

The process aimed to determine the niobium mineralisation style and define a forward exploration program at the target, with results expected before the end of October.

Sumo’s prospectivity is highlighted by coincident pathfinder geochemistry that supports the potential for a niobium-mineralised system.

It is reported to contain elements commonly associated with carbonatite niobium deposits such as arsenic, silver, molybdenum, antimony, tungsten, zirconium and uranium.

Full ownership

Great Western assumed full ownership of Yerrida North in August 2023, following Sandfire’s withdrawal from a joint venture formed in 2017 to advance the project.

Over a six-year period, Sandfire spent more than $4.5 million on exploration at Yerrida North and worked up a comprehensive geological data package that has since reverted to Great Western.

The package included targets that had been identified but not drill tested, including the Oval South anomaly, which has been interpreted as a potential mineralised intrusion warranting further exploration.

The company anticipates more prospective targets will be defined as it assesses the dataset, undertakes field work and completes further geological interpretation.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10