Fertile intrusives: Si6 to kick off 5000m drill program on targets similar to major WA gold deposits
Si6 Metals has been making enormous headway at its Monument gold project in WA in recent months, unlocking a string of targets boasting similarities to high profile gold discoveries across the resources rich state.
Si6 (ASX:SI6) recently identified 18 prospective targets over 30km of strike in geochemical drilling at the 300km2 program in Western Australia’s mining heartland, reporting ‘fertile intrusives prospective for bulk tonnage gold mineralisation’.
A 5000m, 140-hole Phase 2 aircore drilling campaign is now about to begin to test these intrusive targets.
Si6 has received approval for the new program of works, with field crews heading to the project area in the WA Goldfields to start hole pegging and line clearing.
The program is expected to take two weeks to complete.
The prospective targets identified in the Phase 1 aircore campaign last year bear analogies to the 1.5Moz Jupiter and 0.25Moz Cameron Well deposit at Dacian Gold’s (ASX:DCN) neighbouring Mt Morgans Gold Project.
Even more startling, Si6’s Korong intrusive belongs to the sanukitoid suite of evolved intrusive rocks comparable to the “Hemi-style” gold-bearing sanukitoid intrusions being developed by De Grey Mining Ltd (ASX:DEG).
Reverse circulation drilling at the Korong and Waihi banded iron formation hosted mineral deposits has already outlined a 154,000oz inferred gold resource along strike from Dacian at an average grade of 1.4g/t.
This article was developed in collaboration with Si6, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.