Si6 Metals Limited (ASX: Si6) has received high-grade final assay results from the Phase Three aircore drilling programme completed at the Monument Gold Project (MGP) in Western Australia where 119 holes were drilled for 5,636m across four prospect areas.
The MGP lies directly adjacent to and along strike of Dacian Gold Ltd’s ~2Moz Au Mt Morgan’s Project.
Highlights
• Maiden aircore drilling at the Fred’s Well Prospect has intersected shallow, broad, high- grade gold mineralization as part of the Phase Three aircore programme at Monument Gold Project.
• Aircore drilling also intersected broad zones of anomalous gold mineralization at North Well up to 20 m wide.
• Best drilling intersections include:
Fred’s Well
* 24m @ 3.24g/t Au (MOAC262 from 44m) including 12m @ 6.35g/t Au
* 8m @ 2.09g/t Au (MOAC265 from 40m)
* 8m @ 1.48g/t Au (MOAC256 from 36m)
* 12m @ 1.01g/t Au (MOAC277 from 20m)
* 3m @ 2.98g/t Au (MOAC374 from 72m) ending in mineralisation
North Well
* 1m @ 9.03g/t Au (MOAC297 from 4m)
* 4m @ 1.10g/t Au (MOAC299 from 56m)
* 20m @ 0.39g/t Au (MOAC327 from 60m) including 4m @ 1.06g/t Au
• Drilling at Fred’s Well tested two areas of workings covering 370m strike out of a total 770m strike.
• Drilling at North Well covered 1,500m strike with mineralization open to the northwest.
Since acquiring the MGP in 2020, Si6 has been undertaking reconnaissance style aircore drilling across the 304km2 project area to test for a wide range of gold mineralization styles similar to those evident in DCN’s adjoining Mt Morgans Gold Project. These include bulk tonnage felsic intrusion hosted along with banded iron formation (BIF) and mafic shear zone hosted gold mineralization. In contrast to the Mt Morgans Project, more than 50% of the MGP comprises shallow surface cover and remains largely untested by shallow surface drilling.
The MGP also contains interpreted strike extensions to the host rocks to Glencore’s Murrin Murrin Ni-Co operation which are considered prospective for Ni-Co laterite mineralization.
Future Work Programmes
Detailed structural and geochemical analysis of the drilling data is underway to determine orientation of the mineralized zones at Fred’s and North Wells which will assist with strike extension drilling.
Multi- element signatures associated with the anomalous gold mineralization are also being analysed to identify pathfinder elements. These will be used to identify additional targets from the comprehensive surface geochemical data set.
For further information please visit: https://www.si6metals.com/
