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Great Western Exploration Limited ( (AU:GTE) ) has shared an announcement.
Great Western Exploration has launched an aggressive copper-gold drilling campaign at its Yerrida North Project in Western Australia, beginning with a diamond drill hole at the Oval Copper-Gold Target, which is interpreted as a core VHMS horizon analogous to Sandfire Resources’ nearby DeGrussa deposit. The programme will test nine targets over six months, aiming to capitalise on strong geological and geophysical indications that the Yerrida Basin can host significant DeGrussa-style copper-gold mineralisation.
At Juggernaut, the company has outlined six distinct VHMS copper-gold targets about 70km south-east of DeGrussa and Monty, with final access secured for the Seymour target and drilling to follow the Oval and Diorama programmes. Two additional drill-ready prospects, Diorama and Baroo, have been defined within Yerrida North, and a recent A$3.75 million capital raising will largely fund this expanded exploration push, underlining a decisive step-up in activity that could materially influence Great Western’s project pipeline and value proposition for investors.
More about Great Western Exploration Limited
Great Western Exploration Limited is an Australian mineral exploration company focused on copper and gold, with a primary emphasis on its 100% owned Yerrida North Copper-Gold Project in Western Australia. The company targets Volcanic Hosted Massive Sulphide-style deposits and is positioning itself around the highly prospective DeGrussa-style copper-gold systems in the Yerrida and Bryah basins.
Average Trading Volume: 1,402,572
Technical Sentiment Signal: Sell
Current Market Cap: A$14.77M
For detailed information about GTE stock, go to TipRanks’ Stock Analysis page.