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The latest announcement is out from Pacific Bauxite Limited ( (AU:WYX) ).
Western Yilgarn NL has secured three key exploration licences covering 201 square kilometres over its 100%-owned Gascoyne Gold Project in Western Australia, granting it access to a highly prospective part of the Glenburgh Gold District. The licences, E09/2986, E09/2987 and E09/2988, position the company immediately south of Benz Mining’s Glenburgh resource and within the same host rocks and regional shear corridors that control known gold mineralisation.
A recent high-level geophysical review by Core Geophysics has identified multiple new, previously unrecognised drill targets across the tenements, all within structural and magnetic trends that remain untested by drilling. Western Yilgarn’s seven priority targets share geophysical signatures comparable to those seen at Benz’s deposits, underscoring the project’s early-stage but district-scale upside and enhancing the company’s exposure to an emerging frontier gold district in the Southern Gascoyne region.
More about Pacific Bauxite Limited
Western Yilgarn NL is an Australian mineral exploration company focused on gold projects in Western Australia. The company targets early-stage, district-scale opportunities in highly prospective geological terrains, particularly within the Glenburgh Gold District and the Dalgaringa Supersuite, where it aims to delineate significant gold resources.
Average Trading Volume: 627,170
Technical Sentiment Signal: Sell
Current Market Cap: A$6.45M
See more data about WYX stock on TipRanks’ Stock Analysis page.