Gold

Woomera Mining fires up the drills again at Mt Venn

Fri 22 Apr 22, 10:25am (AEST)
Drilling - RC Drill Rig - Pilbara - Australia
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Key Points

  • Works at Woomera’s established 80% owned JV Mt Venn gold project
  • New infill drill run a 2000m reverse circulation design
  • Company targeting nickel and copper on the side—also lithium

Woomera Mining (ASX:WML) is firing up the drills onsite its Mt Venn gold project once again with a 2,000 metre reverse circulation drill run searching for gold, and the nickel and copper that tends to cohabit the earth alongside the lustrous rock. 

Woomera is also expanding its search for lithium.

After going into a trading halt earlier this week, Woomera's charts now reflect a sharp upward turn.

Nickel and copper sulphides have already been identified in two separate RC drillholes at the company’s Mt Cornell prospect including 11m at 0.34% Nickel, and at 41-52m, 0.42% Copper. Those finds were logged last December. 

Battery metals and gold increasingly fashionable partners

Woomera’s new 2000m drill run is designed to search for high grade extensions nearby the Mr Cornell finds of which the company already possesses knowledge. 

The company is not only looking for gold, but also the nickel and copper itself—and lithium, too, if that’s there—in a bid to expand their operational footprint and, ultimately, to expand downstream sales opportunities. 

Targeting a perceived 500m long strike 

Woomera’s geologists believe that between three existing strike holes lies a five hundred metre long strike zone presenting a high count of anomalous mineralisation. 

Woomera describes its nickel and copper sulphide mineralisation as “massive."

WML chart
Woomera's charts

 

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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