Essential Metals (ASX: ESS) has identified multiple targets for drill testing at its Juglah Dome Project near Kalgoorlie.
Managing Director, Tim Spencer, said the Project contains at least three ‘drill-ready’ targets, namely the Moonbaker, John West and Gards prospects, where the presence of gold mineralisation has been demonstrated by drilling completed in the past.
In addition to the gold mineralisation, there is strong new evidence of the presence of felsic volcanic-hosted base- metal (VHMS) mineralisation within the project. The VHMS potential of the Juglah Dome Project is suggested by the following features of the project and VHMS deposits:
We are keen to commence a drill programme at Juglah Dome. Multiple exciting gold and VHMS targets have been identified, some of which are considered drill-ready,” Mr Spencer said.
“The Gards Prospect is one such target, where previous drilling by Placer Dome in the late 1990s and early 2000s intersected gold mineralisation, however it was not followed up.
“We also welcome geologist, Luke Timmermans, to the team and look forward to integrating and complementing his expertise with the existing ESS team in unlocking the gold potential within our portfolio.”
The Juglah Dome Project is located 60km east-southeast of Kalgoorlie and is considered to be highly prospective for gold. Exploration by previous owners identified multiple gold targets via soil geochemistry and drilling.
The Project exhibits a similar geological setting to that which hosts the Majestic and Imperial Deposits, located 10km to the north-west, that, along with the Daisy Complex, form part of Silver Lake Resources Limited’s Mt Monger Operations.
The geology at Juglah Dome has many similarities to the geology of the world-class Nimbus zinc, gold and silver-rich VHMS deposit, which is located within the same region
The elemental association evident for the base metal mineralisation at Juglah Dome, namely a lead-zinc association with subordinate copper, along with silver enrichment, is similar to the mineralisation at Nimbus.