Westar Resources Ltd (ASX:WSR) welcomes a review by Southern Geoscience Consultants (SGC) of the company’s aeromagnetic and radiometric survey across the Coolaloo Gold Project at Mt Magnet that identified 12 target areas - four of which are considered high priority.
The study interpretation identified more prospective greenstone belt material than previously recognised, providing of a range of potential new targets for gold exploration.
“Refining exploration targets”
Westar managing director Karl Jupp said the updated geophysical interpretations had greatly assisted in understanding the Coolaloo geology and refining the exploration targets.
He said: “This is the first-time detailed geophysics has been flown over the Coolaloo Dome.
“The results of the SGC review and the recently recognised potential for sheared granite mineralisation highlights the strong prospectivity of the Coolaloo Project and we’re immediately progressing plans to get on the ground to follow-up these targets.”
Coolaloo prospectivity
Coolaloo is considered prospective for hosting multiple styles of mineralisation including:
- BIF hosted mineralisation (analogous to the +2 million ounces Hill 50 mineralisation);
- Shear hosted gold mineralisation within granite greenstone contacts; and
- Porphyries in granodiorite on granite contacts (Eradinus style of mineralisation).
E59/2329 showing SGC processed magnetics and ranked geophysical targets
Next steps
The company will now interpret, evaluate, rank and prioritise all current magnetic targets in conjunction with other datasets including historical geochemical surface sampling data prior to anticipated drilling programs in the coming months.
Westar will also undertake a further reconnaissance program at the newly identified targets at Coolaloo, with details on the program to be provided as they become available.
Additionally, a Spatial Program of Works (POW) has been submitted to the Department of Mines, Industry Regulation and Safety (DMIRS) to enable early-stage air core drilling testing of selected high priority target areas.