Norwest’s high-grade gold hit a tick for deep drilling at Bulgera
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Norwest has intersected high-grade gold at a hole drilled to infill a gap in the developing gold zone immediately below the existing shallow pit at its Bulgera project.
The 3m zone grading 10 grams per tonne (g/t) gold including 1m at 27.8g/t gold has bolstered the company’s confidence ahead of its upcoming diamond drilling program.
Norwest Minerals (ASX:NWM) is drilling 10 diamond holes to test the new Bulgera high-grade gold lode at 400m and 700m downdip from the Bulgera open-cut.
Reverse circulation pre-collars have been completed for the first three of the seven Phase 1 diamond holes while the remaining four Phase 1 and three Phase 2 drill pads are awaiting heritage clearance which has been planned for late July.
“Our confidence grows as RC drilling continues to intersect high-grade gold below the Bulgera open cut,” chief executive officer Charles Schaus said.
“The upcoming diamond drilling into the new high-grade gold zone will reveal an enormous amount of information concerning the lode-scale geology and controls on the gold mineralisation.
“Importantly, a deep diamond drill intersection similar to those encountered up-dip by RC drilling would be a significant step in understanding the magnitude of this high-grade gold discovery.”
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 1g/t for 93,880 ounces of gold, with minimal historical drilling completed below a depth of 100m.
Drilling by the company to date has already hinted strongly that mineralisation continues at depth and could also increase in grade.
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.