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Great Western Exploration samples up to 105 g/t gold in rock chips, drill results pending

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Assays from the recent 10-hole RC drill program are pending meanwhile rock chip sampling has discovered a new zone of high-grade gold mineralisation.

Great Western Exploration Ltd - Great Western Exploration samples up to 105 g/t gold in rock chips, drill results pending

Quick facts: Great Western Exploration Limited

Price: 0.3 AUD

ASX:GTE
Market: ASX
Market Cap: $34.86 m
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Great Western Exploration Ltd (ASX:GTE) has completed reverse circulation (RC) drilling and awaits assays from the May Queen and Harris Find prospects within its Yandal West Gold Project in Western Australia.

At both prospects, drilling targeted near-surface high-grade gold associated with the Harris Find Shear Zone (HFSZ).

The company said drilling intersected encouraging zones of shearing and alteration and it eagerly awaits assays, which are expected within two to four weeks.

Rock chip sampling at Harris Find discovers 270-metre zone

Using data from the prior drill program, a follow-up rock chip sampling program has discovered at least 270 metres of continuous near-surface high-grade gold.

The discovery has been made at the historical Harris find workings within the HFSZ.

Surface and historical underground sampling include 105 g/t gold, 10.6 g/t gold, 9.7 g/t gold, 5.8 g/t gold, 4.2 g/t gold, 3.3 g/t gold and 2.22 g/t gold.

Little exploration completed since mining in 1920s

Harris Find was mined in the 1920s for gold and silver with a shaft around 20 metres deep completed with an average grade of 17 g/t gold.

During 1988 workers re-entered the shaft to sample the lode which assayed 105 g/t gold on the back and 10.6 g/t gold and 9.6 g/t gold at the south and north faces, indicating the lode remains open in both directions.

10 RC holes were completed in 1993 down to 40 metres intersecting 2 metres at 15 g/t gold and 6 metres at 4.91 g/t gold but the gold price was at its 50-year low during this period and no further work was completed.

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