Hexagon identifies five high priority gold targets at Halls Creek
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Preliminary data from an airborne electromagnetic survey has identified five high priority targets at Hexagon’s Halls Creek gold project in WA’s East Kimberley region.
Importantly, these late time anomalies have short strike lengths, making them prospective for conductive massive sulphide mineralisation.
Hexagon Energy Materials (ASX:HXG) says the new targets represent an important step in its strategy to find a development partner for the Halls Creek project, allowing it to focus on the Perdika Blue Hydrogen project.
Chairman Charles Whitfield said the five new target results combined with previously identified prospects enhance the project’s prospectivity, which it expects to attract the attention of potential partners.
“We look forward to further good news coming out of the work still being done by consultants at both the Halls Creek and at McIntosh projects, including field inspection of the newly identified AEM targets and the ground-based IP survey recently completed at the Lady Helen, Granite and Bent Ridge.
“While this work at both Halls Creek and McIntosh is being completed by external consultants, the core team is fully focussed on progressing the Prefeasibility Study at our flagship Pedirka Blue Hydrogen Project in the Northern Territory, with some of the formative work already complete.”
The survey was designed to target potential volcanogenic massive sulphide-style mineralisation in the Kongie Park formation within its Halls Creek project.
Hexagon will carry out a comprehensive interpretation once it receives the final data sets with further high, moderate and lower priority anomalies to be assessed in detail.
The company is also carrying out ground truthing of the preliminary high priority targets and will shoot follow-up surface EM surveys across each of these targets.
This article was developed in collaboration with Hexagon Energy Materials, 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.