Midas Obtains Further Strong Gold Geochemical Results From Weebo Project
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Midas Obtains Further Strong Gold Geochemical Results From Weebo Project

byColin Sandell-Hay, Contributor - The Assay
2 years ago
Reading Time: 2 mins read
Midas Obtains Further Strong Gold Geochemical Results From Weebo Project

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/

Tags: ASX:MM1ExplorationGoldPrecious MetalsWestern Australia
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Colin Sandell-Hay, Contributor - The Assay

Colin Sandell-Hay, Contributor - The Assay

Colin Sandell-Hay is a multi-award-winning mining journalist and investor relations specialist with a major focus on the resources sector. He has 48 years of editorial and public relations experience, with more than 30 of those in business and resources media. His in-depth, technical knowledge was recognized in 2010 when he was presented with the coveted APPEA JN Pierce Award as the leading petroleum journalist in Australia. Colin is currently a freelance news editor and features writer for The Assay.

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