WMG 7.69% 28.0¢ western mines group ltd

Market Cap Under 10M, page-14

  1. 975 Posts.
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    Commenting on the Mulga Tank Project, WMG Managing Director Caedmon Marriott said:

    “Step by step… it feels like we’re getting closer as we find out more about Mulga Tank. MTD022
    was the most exciting hole drilled at the project to date for a combination of factors - high MgO
    adcumulate dunite host rock down the length of the hole, containing disseminated sulphides
    starting around 120m; broad zones of pXRF readings over 0.4% Ni, highlighting potential for
    relatively shallow Mt Keith-style mineralisation. Then multiple intersections of remobilised high-tenor
    nickel sulphides towards the end of the hole, at the basal contact of the complex, that could
    indicate proximity to a Perseverance-style massive sulphide source. Its certainly got all the right
    ingredients and the team is already thinking about follow-up holes.”

    It is getting increasingly difficult to doubt that this is a very large Nickel sulphide deposit.

    Happy New year





 
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