Midas Minerals Ltd (ASX: MM1) has received results of up to 6g/t gold in assays from infill and extensional auger geochemical sampling on the Weebo Gold and Nickel project in Western Australia.
Highlights
- Results from the late-2022 auger geochemical sampling at Weebo have been received
- Up to 6,060ppb (6g/t) gold was returned from the 722 samples reported
- Multiple anomalies have been defined and refined to drill-ready status
- Additional geochemical sampling is underway targeting further gold and nickel prospective areas
- Midas expects to recommence drilling at Weebo in Q3 CY2023
- Weebo Project is located between Northern Star’s Thunderbox and Orelia gold deposits
Midas completed sampling to define and refine areas of anomalism from prior auger geochemical sampling and rock chip sampling.
Results highlighted several robust gold anomalies which are essentially drill-ready after completion of heritage surveys in 2022.
Anomalous auger geochemical results ranged from 10ppb to 6,060ppb gold.
Midas has recently recommenced extensional auger sampling with the aim of defining additional drill targets. Proposed drilling will test a number of geochemical and EM anomalies in addition to areas which returned significant intercepts in 2022 RC Drilling.
“Our Weebo gold and nickel project is in a prodigious location within the Yandal greenstone belt between Northern Star’s Thunderbox gold mine and Orelia development, and east of the BHP Leinster nickel mine,” Managing Director, Mark Calderwood, said.
“Weebo’s gold and EM anomalies represent excellent drill targets and the company expects to be ready to undertake drilling in Q3 CY2023. Results from our current geochemistry programme, which should be to hand in June 2023, will be included to define additional targets.”
For further information please visit: https://www.midasminerals.com/
