Norwest Minerals intersect high-grade gold at Bulgera
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Assay results show an intersection of 5 metres @ 15 grams per tonne (g/t) gold, including 1 metre @ 72 g/t gold, from 194 metres.
The important finding was determined at hole BRC21001 which returned very high-grade mineralisation and followed an earlier finding 250 metres up-dip where an intersection of 2m @ 7g/t gold was recorded.
Norwest Minerals (ASX: NWM) confirmed it would plan additional reverse circulation (RC) holes to test multiple areas along the strike of the gold intercept with the RC rig to return to the Bulgera Gold deposit in late February.
Charles Schaus, chief executive officer of Norwest said: “This sensational intersection supports our observations that gold tenor within the Bulgara Mine Sequence increases with depth.”
“The implications regarding significant gold resource increases below the Bulgera and Mercuri open pits cannot be ignored.”
The current drilling program commenced mid-January with West Drill engaged to complete 14 holes below the Bulgera and Mercuri deposits. Two further holes at Bulgera have been completed, while gold assays at holes BRC21006 and BRC21007, along with seven Mercuri RC holes are anticipated to be available mid-March.
Norwest Minerals’ Bulgera tenements include a near-surface gold resource of 2.9 metric tonnes (Mt) @ 1.0 g/t for 93,880 ounces of gold, with minimal historical drilling completed beyond 100 metres.
The current drilling program is testing for extensions to known gold mineralisation by drilling 150 metres below the existing three shallow open pits.
The Bulgera Gold Project consists of four shallow open pits – Bulgera, Mercuri, Venus and Price – that have undergone two notable phases of mining.
Norwest acquired the Bulgera Gold Project in July 2019 and following a maiden drilling programme conducted in December 2019, the total indicated and inferred mineral resource was upgraded to 2.92 Mt @ 1.0 g/t gold.
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.