Westar Resources Limited (ASX:WSR) identified 12 gold targets, including four high-priority targets at its Coolaloo Project.
The Perth-based exploration company announced the discovery after a Southern Geoscience Consultants (SGC) review of the Coolaloo aeromagnetic and radiometric survey.
Findings suggest that Colaloo is “prospective for hosting multiple sites of mineralisation” including valuable gold and granite mineralisation.
“This is the first-time detailed geophysics has been flown over the Coolalo Dome,” Wester Managing Director Karl Jupp commented.
What’s next for Westar?
Westar plans to undertake a follow-up reconnaissance program to further study the newly-identified targets in Coolalo. Should the follow-up show promising results, the company will take to drilling.
“The results of the SGC review and the recently recognized potential for sheared granite mineralisation highlights the strong prospectivity of the Coolaloo Project and we’re immediately progressing plans to get on the ground to follow up these targets.”
Westar submitted a Spatial Program of Works (POW) to the Department of Mines, Industry Regulation and Safety (DMIRS) to commence early-stage air core drilling testing of selected high priority target areas.
The Coolaloo Project is a 100% Westar-owned tenement located 25km southwest of Mount Magnet in Western Australia. Mt. Magnet is a historical mining site that has produced approximately 6 million ounces of gold.