West Cobar brings Mystique into its fold
ASX-listed West Cobar has completed the acquisition of the Mystique project – an exploration licence in the Fraser Range province of Western Australia – from base metals miner IGO.
The licence covers 35 km2 in the Albany-Fraser province, about 225 km from Kalgoorlie.
While exploring the adjoining tenements the IGO and Rumble Resources joint venture encountered outstanding gold intercepts in saprolite and bedrock, in particular at the Themis prospect, just north of the E28/2513 tenement boundary.
The Mystique project remains relatively unexplored as most of the area is covered by 30 m or more of transported Eocene sediments and there is little surface expression of geology or mineralisation.
Commenting on the completion of the acquisition, West Cobar MD Matt Szwedizicki said the tenement comprised a land area with “exceptional and immediate potential for both shallow saprolite-hosted and large-scale, basement-hosted gold deposits”.
“We have identified two high-priority targets which justify immediate exploration drilling,” he said.
Themis South, on E28/2513, has the potential to be a large mineralised system, with thick, high-grade gold zones intercepted just outside the tenement boundary. In addition, the Torquata prospect is a large calcrete gold anomaly which contains a number of areas that require testing.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation