Genesis Minerals has announced the commencement of an exploration drilling campaign at its 100% owned Ulysses Gold Project situated 35km south of Leonora in the Eastern Goldfields of Western Australia.
Genesis said the majority of the drill program will be conducted on the granted Ulysses Mining lease to test multiple high priority targets which have the potential to lead to additional discoveries and future Mineral Resource growth at the Project.
According to the ASX announcement by the company, the 15,000m drill program will be by combination of reverse circulation (RC) and air core (AC) drilling and will include:
- The testing of the immediate depth extensions of the known Ulysses Resource to systematically examine the down dip extensions of the resource including targeting the recently interpreted north plunging high-grade shoot orientations;
- Testing of the immediate strike extensions to the Ulysses Mineral Resource together with the strongly gold anomalous geochemical and structural targets along the curved, main WNW trending first-order Ulysses mineralisation corridor which is over 5km of strike and 2km wide; and
- Targets with potential for new gold discoveries based on historical geochemical anomalies from wide spaced shallow drilling.
Genesis Minerals is an is an Australian-based mineral exploration company focused on near term production opportunities at its Viking Gold Project and Ulysses Gold Project which contains a shallow JORC compliant resource of 151,000 ounces of gold.