Segue clinches major gold exploration project in WA

0
453
Image credit: Segue Resources ASX release

Segue Resources has applied for two exploration licences at the Barlee Project covering 300km2 of highly prospective greenstone belts in the Eastern Goldfields of Western Australia.

Image credit: Segue Resources ASX release
Image credit: Segue Resources ASX release

The Barlee Project is located in the Southern Cross Domain which has a gold endowment of +20Moz. It covers 40 strike kilometres of the Evanston, South Elvire, Mount Elvire and Yerligee Greenstone Belts which straddle the Evanston and Yuinmery Shear Zones.

“Importantly, a large portion of the greenstone belts are occurring and will be the target of an initial rock chip and multi-element soil sampling programme scheduled to commence in October 2016,” the company said in a statement.

Segue’s Managing Director Steven Michal said the last significant gold exploration on the greenstone belts was conducted in the 1990s, when several targets were identified and remain untested.

“Segue has secured a low cost entry into a major new gold project in a prolific gold region of Western Australia. Given the structural setting, straddling the intersection of two significant regional shears and abundant lithological and structural complexity, and limited first pass surface geochemistry, we are excited at this highly prospective Greenfield project,” he said.

According to him, Segue intends to undertake an extensive rock chip and soil sampling programme in October 2016 at the Barlee Project.

“This programme will immediately follow completion of the stream and soil sampling programme currently underway at the Gascoyne Lithium Project. The lithium exploration work is expected to be completed by early October.”