Pioneer Resources Ltd (ASX:PIO) is gearing up for further exploration at its Kangan Project in the western Pilbara region of Western Australia, after identifying sediment hosted gold targets.
The Kangan Project, located 80 kilometres south of Port Hedland, comprises 2 granted exploration licences and one exploration licence application covering an area of 268 square kilometres.
Pioneer has identified several gold targets at Kangan associated with the Fortescue Group sediments:
- target 1: rock chips up to 2.73 g/t gold recorded with anomalous gold in soils forming a 0.85 kilometre long target, supported by anomalous stream sediment values up to 0.25 g/t gold;
- target 2: gold in soils anomaly up to 2.64 g/t gold over 0.65 kilometre at the base of felsic volcanoclastic conglomerate and pebbly sandstone, open to the north; and
- target 3: gold in soils anomaly with a peak value of 2.65 g/t gold over 3 kilometres, striking sub-parallel to multiple stratigraphic units open to the north east.
It is worth noting that the Kangan Project’s eastern-most tenement application abuts the Wodgina Lithium Mine tenements.
Pioneer was attracted to the project because of the wide-spread gold anomalism recorded in past exploration, as well as its lithium prospectivity.
The company will be on site again this quarter to conduct further reconnaissance mapping, sampling and prospecting.
One of the aims of the work will be to establish the host rocks for in-situ gold mineralisation.