Si6 casts its gold net further at Monument
Si6 is aiming for a broader look at its Monument gold project with the start of regional aircore drilling that is co-funded by the West Australian government.
The 5,000m program targets intrusion-hosted gold mineralisation along strike of existing multi-million ounce deposits.
There is good reason for Si6 Metals (ASX:SI6) to be hopeful given that historical exploration had positively identified high level intrusives at the centre of the project.
Up to 50% of the direct drilling costs up to a cap of $75,000 will be funded by the state government’s Exploration Incentive Scheme.
Monument already hosts a contained resource of 154,000oz of gold at the Korong and Waihi prospects, both of which are open in all directions, which provides scope for further drilling to expand resources.
The aircore drill program will extend the full length of the Monument project from the Two Bills prospect to the north to the southern tenement boundary.
Most of the target intrusives are hosted within the central, main greenstone belt, which also hosts Dacian Gold’s (ASX:DCN) 2Moz Mt Morgans gold project along strike to the south.
Si6 is drilling about 125 holes to test 25 of the 60 targets identified to date.
This will map out the distribution of intrusives and identify which are prospective for bulk tonnage gold mineralisation based on their geochemical signature.
Samples will undergo gold and multi-element assay analysis, with the end of hole samples analysed for whole rock geochemistry to characterise rock type.
Spectral analysis to identify styles of alteration associated with intrusion-related gold mineralisation will also be undertaken.
This article was developed in collaboration with Si6 Metals, 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.