Tungsten Mining Uncovers New Gold Potential at Mt Mulgine
Tungsten Mining's review of historic drilling at Mt Mulgine's Camp pits reveals significant shallow gold mineralisation, reinforcing its dual gold-tungsten development strategy. The findings open avenues for new gold zones at depth, promising early cash flow alongside tungsten resource growth.
- Historic drilling review confirms significant shallow gold at Camp pits
- Potential new gold mineralisation zones identified at depth
- Integration of near-term gold production with tungsten development
- Extensive dataset includes 1,445 drillholes totaling over 42,000 meters
- Plans underway for further drilling and comprehensive scoping study
Historic Gold Mineralisation Confirmed at Camp Pits
Tungsten Mining NL has completed a thorough review of historic drilling data at the Camp pits, part of the Mt Mulgine Project in Western Australia. This review, encompassing 1,445 drillholes and over 42,000 meters of drilling, confirms significant shallow gold mineralisation beneath and adjacent to previously mined oxide gold pits. These findings underscore the potential for new zones of gold mineralisation at depth, which have been sparsely drilled to date.
Supporting an Integrated Gold-Tungsten Strategy
The company’s chairman, Gary Lyons, highlighted the strategic importance of these results, noting that near-term gold production could generate early cash flow to support the staged development of Mt Mulgine’s world-class tungsten resource. This integrated approach aims to unlock long-term value by leveraging both gold and tungsten assets within the same project footprint.
Significant Intersections Across Multiple Pits
Key gold intersections reported from historic drilling include,
- 7 meters at 6.24 g/t Au from 38 meters at Ocean pit
- 17 meters at 4.55 g/t Au from 16 meters at Spock pit
- 13 meters at 2.02 g/t Au from 29 meters at Camp pits
These results, along with others from Bell, Williams, and Ocean pits, demonstrate the presence of multiple stacked gold lodes with strong supergene enrichment within the weathering profile. The mineralisation is structurally controlled and dips shallowly northwest, consistent with the regional geology.
Extensive Historical Exploration and Mining
The Camp prospect has a rich exploration history dating back to the 1960s, with various companies conducting reverse circulation and diamond drilling. Minjar Gold Pty Ltd mined six shallow oxide gold pits at Camp between 2014 and 2015, producing over 427,000 tonnes at an average grade of 1.06 g/t Au. Tungsten Mining’s review integrates this extensive historical data with recent drilling to identify new exploration targets.
Next Steps, Drilling and Scoping Study
Looking ahead, Tungsten Mining plans to undertake further drilling to test extensions of known mineralisation and new conceptual targets. Additionally, the company intends to review Minjar Gold’s 2019 Mineral Resource estimate and complete a comprehensive integrated scoping study. This study will evaluate the near-term potential of a start-up oxide gold project alongside the broader tungsten development, aiming to optimise project economics and timelines.
Bottom Line?
Tungsten Mining’s historic drilling review at Mt Mulgine sets the stage for unlocking dual gold and tungsten value, with upcoming drilling and studies poised to define the next phase.
Questions in the middle?
- How will the integration of gold and tungsten development impact project timelines and capital requirements?
- What are the expected production rates and cash flow profiles from the near-term gold opportunities?
- How might the new zones of gold mineralisation at depth influence the overall resource and reserve estimates?
