Norwest diamond holes confirm extent of target shear zone
While gold assays are still pending, all seven holes in Norwest’s maiden diamond drilling program have intersected the target shear zone below the shallow Bulgera open-cut.
Notably, drill core from the holes display widths and geological features consistent with the deep high-grade zones intersected by reverse circulation holes drilled in May this year.
Once the gold tenor is confirmed, Norwest Minerals (ASX:NWM) plans to kick off the three-hole Phase 2 diamond drilling program to test mineralisation a further 300m downdip of Phase 1 drilling.
Chief executive officer Charles Schaus said the Phase 1 program confirmed that the target shear zone continued below 400m.
“This is a very exciting time for the company and I would like to congratulate our technical team on the successful drilling program and also thank shareholders for their patience during this period of intense exploration activity,” he added.
Norwest’s Bulgera project spans two exploration licences covering a 36.8sqkm area in Western Australia’s Plutonic Well greenstone belt.
It has a current near-surface resource of 2.9 million tonnes at 1 gram per tonne (g/t) for 93,880 ounces of gold, with minimal historical drilling completed below a depth of 100m.
The company’s recent RC program had returned results such as 16m grading 7.3g/t gold including 3m at 30.3g/t gold from 194m and 6m grading 11.8g/t gold including 1m at 22.4g/t gold from 218m.
This article was developed in collaboration with Norwest Minerals, 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.