Sipa Resources Limited (ASX:SRI) (FRA:SPO) is set to begin drilling at its recently acquired Murchison Gold Project in Western Australia, pending weather in the district.
This drilling follows the recent completion of a heritage survey over the company’s gold targets which enables clearing to be completed for drilling access.
The planned 5,000-metre aircore (AC) drilling program is expected to start in the coming week and has been designed to test a range of targets across three of the farm-in tenements at the project.
Tenement targets
On tenement E51/1709 known historic drilling is limited to only 30 RAB holes in the entire area and large areas remain completely untested.
Planned drilling in the northwest and west of the tenement is designed to test along strike from Tontine Prospect and extensions of the Munarra Gully trend of gold occurrences that trend NNE into the tenement.
These prospects and trends are marked by anomalous gold and arsenic in soil samples and in costeans where the greenstone units outcrop to the south.
To the east on tenement E51/1936, drilling will target the northeast-trending margin of, and potential structure along, a prominent magnetic high associated with a komatiitic basalt.
Previous drilling identified anomalous gold results to the south and there are several historic workings of unknown origin visible along the margin of the sub-cropping basalt.
Abbotts Greenstone Belt extension
The bulk of the planned drilling will be undertaken on tenement E51/1888, on the southern extension of the Abbotts Greenstone Belt.
This area was explored in the late 1990s by Western Mining Corporation, however, the western and eastern margins of the belt were not drilled.
The upcoming drill program will cover a selection of these areas as well as follow up four WMC holes that returned assays between 0.1 and 1.0 g/t gold.
Location of planned drilling on Sipa’s Murchison Project tenements over regional geology.
Looking forward
The drill program is anticipated to take two weeks to complete and further updates will be provided as it progresses.
Successful completion of the program will also satisfy the minimum joint venture commitment.