Gold

SensOre to launch drilling at Maynards Dam WA gold project

Thu 16 Jun 22, 12:27pm (AEST)
A collection of gold nuggets against a black background with one specimen in the foreground
Source: iStock

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Key Points

  • SensOre is setting up for its maiden drill run at Maynards Dam in WA goldfields region
  • Company is chasing after a major gold system thought to exist on site
  • SensOre’s AI technology identified two target areas at Maynards'

Mining tech player SensSore (ASX:S3N) is in preparations to launch drilling at the WA Goldfields Maynards Dam project alongside JV partners Torque Metals (ASX:TOR) and Jindalee (ASX:JRL)

Included within the Maynards Dam drill campaign will be the newly logged Marloo prospect, for which SensOre partners with Lefroy Exploration (ASX:LEX) subsidiary Monger Exploration. 

Worth noting: Maynards Dam is to have two new targets drilled found by SensOre’s disruptive Artificial Intelligence exploration software.

Between Maynards Dam and Marloo, SensOre will launch 5,500m of air core drilling following up on historical results and fresh soil samples. 

Map locating areas of interest ahead of SensOre's Maynards maiden drill campaign
Map locating areas of interest ahead of SensOre's Maynards maiden drill campaign

Maynards Dam sits right amidst the action

The JV-held Maynards Dam project is some 90km southeast of Kalgoorlie and 25km east of Jindalee Resources’ Widgiemooltha Project. 

Widgiemooltha is adjacent to South African company Gold Fields’ St. Ives gold complex. 

The Maynards Dam project, SensOre highlights, is thought to boast similar geological traits to the St. Ives project which produces 350,000oz of gold each year. 

SensOre eyeing project stake increase 

Maynards Dam is held by Jindalee Resources in permit E15/1752 with Torque Metals retaining the rights to acquire an 80% beneficial interest in the tenement. 

SensOre can earn a direct 70% interest in the tenement if it spends $3m on exploration and delivers a pre-feasibility study. 

Meanwhile, SensOre’s involvement at Marloo is arranged by way of farm-in to Marloo permit E15/1498 with parent company Lefroy Exploration. 

SensOre can earn a further 70% interest in Marloo if it expends a lesser $800,000 over four years into 2026. 

Will results of SensOre's brainy AI tech be enough to beat the current market blues?
Will results of SensOre's brainy AI tech be enough to beat the current market blues?
SensOre was a Market Index client at the time of publishing. All coverage contains factual information only and should not be interpreted as opinion of financial advice.

 

Written By

Jonathon Davidson

Finance Writer

Jonathon is a journalism graduate and avid market watcher with exposure to governance, NGO and mining environments. He was most recently hired as an oil and gas specialist for a trade publication. Email Jon at [email protected].

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