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White Energy Company Limited ( (AU:WEC) ) has issued an update.
White Energy has completed an eight-hole reconnaissance diamond drilling program at its Specimen Hill Project near Biloela in Central Queensland, targeting induced polarisation, magnetic and geochemical anomalies to verify earlier work. The program has tested several geologically distinct zones and indicates that the central project area hosts multiple mineral systems with widespread alteration and signs of copper-gold mineralisation, with assays still pending.
Preliminary geological observations suggest the presence of a large metasomatic iron and alkali-calcic system capable of generating porphyry, IOCG and skarn-style deposits, reinforcing Specimen Hill’s potential scale and complexity. Exploration to date, including rock chip sampling showing high-grade copper and gold, is expected to significantly improve geological understanding and guide future exploration, potentially enhancing the project’s importance within a historically prolific gold and base metals region.
More about White Energy Company Limited
White Energy Company Limited is an ASX- and OTC-listed resources company active in mineral exploration through its wholly owned subsidiary Amerod Resources. The group is focusing on the Specimen Hill Project in Central Queensland, a copper-gold prospective area within the mineral-rich New England Orogen, where it is farming into tenements held with Tamar Minerals and Signature Gold.
Average Trading Volume: 50,369
Technical Sentiment Signal: Sell
Current Market Cap: A$20.75M
Learn more about WEC stock on TipRanks’ Stock Analysis page.