- Western Yilgarn (WYX) identifies several new targets through a desktop review of its Julimar West project in Western Australia
- WYX is encouraged by the ongoing success of neighbour, Chalice Mining (CHN), and its Gonneville Intrusion
- Located just 2.5 kilometres east of the Julimar West project tenement border, the company believes it continues at depth into its project area
- Western Yilgarn is developing a staged exploration program to build on Chalice Mining’s recent exploration success and plans to kick off operations following the grant of its exploration license
- WYX shares are up 8.86 per cent and trading at 8.6 cents at 11:31 am AEST
Western Yilgarn (WYX) has identified several new targets through a desktop review of its Julimar West project in Western Australia.
The company reported that it remains encouraged by the ongoing success of its neighbour, Chalice Mining (CHN), and its Gonneville Intrusion, located less than 2.5 kilometres east of the Julimar West project tenement border.
After conducting the desktop review, the company believes that the Gonneville Intrusion continues at depth into its Julimar West project area. Layered intrusions similar to Gonneville were interpreted in WYX ground.
Pegmatite units sampled by the Geological Survey of Western Australia (GSWA) returned significant results for tin, niobium, and tantalum results, with anomalous lithium mineralisation.
WYX Chair Peter Lewis said the company’s Julimar West project targets one of the most “exciting” new battery metals discovery zones in the world.
“Despite the long delay in the Department of Mining Industry Regulation and Safety processing our application, we are expecting the grant of our exploration license 70/5111 application to be completed soon after the removal of an FNA from our application area, by the end of June 2023,” he said.
“The grant of our application will enable Western Yilgarn to immediately commence a staged exploration program targeting several exciting opportunities in a world-class mineralised zone, recently established by Chalice Mining.”
Western Yilgarn has developed a staged exploration program to capitalise on Chalice Mining’s recent exploration success.
The company plans to kick off operations following the grant of ELA 70/5111.
WYX shares were up 8.86 per cent and trading at 8.6 cents at 11:31 am AEST.