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Lycaon Resources Ltd. ( (AU:SLA) ) just unveiled an announcement.
Solara Minerals has reported encouraging results from Ultrafine soil sampling at its Wilgeena Project, where coherent gold anomalies above 30ppb were outlined in the Peak Hill Schist, the same stratigraphy that hosts nearby Hermes South and Peak Hill gold deposits. The anomalies coincide with strong surface alteration in the eastern part of the tenement, and the company has elevated this area to a high-priority drill target.
At the Degrussa West Project, Solara completed five reverse circulation holes totaling 1,032 metres across three target areas and intersected a broad zone of quartz veining adjacent to a strongly carbonate-altered intrusive unit while testing an electromagnetic conductor. The company plans to extend one hole with a diamond core tail to probe a deeper magnetic anomaly and is advancing planning for the next phase of exploration across its project portfolio, signalling continued investment in advancing its exploration pipeline.
More about Lycaon Resources Ltd.
Solara Minerals Ltd is an ASX-listed mineral exploration company focused on gold and base metals projects in Western Australia. Its key assets include the Wilgeena and Degrussa West projects, where it is applying modern geochemical and geophysical techniques to identify new gold and copper discoveries in under-explored terrains.
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