Westar Resources Ltd (ASX:WSR) is committed to systematic evaluation and exploration of its portfolio of projects in Western Australia, including extensive drilling, through diligent application of capital and resources.
Managing director Karl Jupp said: "A busy and productive first quarter has seen Westar rapidly progress exploration across the portfolio with commencement of our maiden drilling campaign at Coolaloo and advanced preparations for RC drilling at high-priority targets at Gidgee South and Winjangoo.
“We’re well on track to complete over 25,000 metres of drilling on Westar projects in the first six months of listing,” he said.
Location map of gold projects in Western Australia.
At the company’s sandstone projects (Gidgee South and Gidgee North) data and studies returned from geophysical surveys, consultant reviews and drilling will continue to be incorporated into Westar datasets, along with detailed structural analysis, and used to define, rank, and prioritize exploration targets.
At Gidgee North a field mapping & rock-chip program has been planned for the current quarter focusing on preliminary gold and copper-zinc target areas identified from historical exploration programs and datasets.
The mapping and rock-chip data, PGN litho-structural interpretation and review of the SkyTEM data will be used to define and rank drilling targets for the second half of 2021.
A reverse circulation (RC) drilling program at Gidgee South of around 5,000 metres is planned to begin in the current quarter, with a drilling contractor engaged and all necessary approvals and preparations in place.
Gidgee South consolidation
Subsequent to the end of the quarter, the company completed negotiations to facilitate 100% ownership of the Carbine Bore leases encompassed by the Gidgee South Gold project, consolidating tenure and underpinning its belief in this district.
Nugget and alluvial gold have been previously extracted from the Carbine Bore tenure, which hosts prospective geology and structures.
Westar completed the outright purchase of Carbine Bore from a private prospector for A$10,000 with no ongoing obligations or royalty payments. The prospecting leases are unencumbered.
The company is investigating various methodologies to quickly advance exploration at Carbine Bore including extending the upcoming RC drilling planned for Gidgee South.
Negotiations have also been completed to facilitate becoming 100% beneficial owner of the historical Birrigrin Mining Centre, adjoining Gidgee South.
The outright purchase of Birrigrin has been completed this week from a private consortium of prospectors for A$80,000.
There are no ongoing obligations or royalty payments between Westar and the vendors and M57/352 is unencumbered.
Birrigrin provides contiguous tenure and further enhances the prospectivity of Gidgee South.
Mt Magnet Projects
At Coolaloo Gold Project near Mt Magnet, an 11,038-metre aircore drilling program kicked off during the quarter testing high-priority targets and was completed subsequent to the quarter-end.
Samples were submitted to a commercial laboratory in Perth, with turnaround times expected to be several weeks.
Drilling encountered the targeted prospective Banded Iron Formation (BIF), mafics and other prospective units.
At Winjangoo, an RC drilling program of approximately 5,000 metres is planned to commence this quarter, with a drilling contractor engaged and all necessary approvals and preparations in place.
Winjangoo will also be assessed for the potential application of either Mobile Metal Ion MMI and/or ultra-fines soil geochemical sampling over the southern part of the lease, where an interpreted greenstone and structural corridor lie under more extensive alluvial cover.
Pilbara Project
At the company's Pilbara Project, consultants will complete a detailed litho-structural interpretation of the recently flown geophysical survey along with planning exploration activities to start in the second half of 2021
The company’s three-pronged strategy comprises the following:
- Maximise discovery potential of key assets through diligent application of capital and resources, utilising best practice systematic exploration and technology;
- Diversify risk on appropriate assets through partnering with fast-moving companies with reputations for building mines; and
- Continuously evaluate a pipeline of prospective opportunities under the mantra ‘succeed swift or fail fast’.
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