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An update from Great Western Exploration Limited ( (AU:GTE) ) is now available.
Great Western Exploration has announced promising results from its initial diamond drilling at the Oval Copper-Gold Target within the Yerrida North Project. The down-hole electromagnetic survey and assays have identified two strong conductors with high potential for massive sulphide accumulation, suggesting a significant copper-gold mineralization system. Despite the absence of standout copper-gold assay results, the presence of pathfinder elements indicates proximity to a major mineralization system. The company’s strategic location on the Ida Fault enhances the prospects for developing a large deposit, and plans are in place to continue drilling once access is restored following recent cyclonic activity. With a solid cash position, Great Western is well-prepared to advance its exploration efforts.
More about Great Western Exploration Limited
Great Western Exploration Limited is a company engaged in mineral exploration, primarily focusing on copper and gold deposits. Its operations are concentrated in Western Australia, particularly in the Yerrida Basin, where it targets Volcanic Hosted Massive Sulphide (VHMS) systems similar to the DeGrussa Copper-Gold Deposit.
YTD Price Performance: -10.0%
Average Trading Volume: 406,457
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$15.22M
For detailed information about GTE stock, go to TipRanks’ Stock Analysis page.