- Highly encouraging first pass drilling results received following a 16 hole, 1,479m RC drill program.
- Highlight intersections include 4m at 4.4 g/t gold from 8m in ASQRC015 and 4m at 1.2 g/t gold from 24m in ASQRC013 at the Golden Wishbone gold target and 8m at 0.7 g/t gold from 60m including 4m at 1.1 g/t gold from 64m in ASQRC012 at the EMU gold target.
ASQ established the Koolyannobbing Metals Project, (KMP) in 2022 following the completion of the aquisition of ground in the region.
The Koolyanobbing Metals Project (KMP) comprises lease areas of 408km2 granted tenure and 91km2 in applications overlying portions of the Koolyanobbing Shear Zone and Koolyanobbing Greenstone Belt (ASQ (2022). ASQ Acquires Li/Au/Ni/Cu Ground. ASX Release 11 August 2022). ASQ considers the KMP underexplored and prospective for gold, high purity silica in hardrock quartz, nickel, lithium, and copper. Preliminary target generation has been completed, identifying numerous gold, nickel and copper targets for follow-up.
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Fig 1: KMP Tenements with ASQ gold anomaly area and the Late Time FLEM Conductors
Gold in Soil Anomalies
Soil sampling was competed late in 2022 and continued in 2023 across the Golden Wishbone Gold Trend, an area of strong gold anomalism that includes the historic small scale gold mining recorded at the Golden Wishbone Shaft in the late 1930’s with 204 ounces produced at an average grade of 18g/t and no modern exploration recorded. Results from these samples are highly encouraging (ASQ (2022). Extensive Gold in Soils Anomalies Detected. ASX Release 7 December 2022). Gold exploration within the KMP leases has continued through 2024. An independent review of gold exploration to date and gold prospectivity was recently completed with further infill soil sampling recommended and now completed ahead of planned drill testing of resulting soil anomalies.
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Figure 2: Koolyanobbing Metals Project September 2024 Drilling Areas
In the latter half of 2024 a total of 16 reverse circulation (RC) holes for 1,479m were drilled at the Golden Wishbone, Golden Wishbone SE, Emu and Island Gossan targets (ASQ (2024). Encouraging Gold Results From Exploration Drilling. ASX Release 17 October 2024). Additional drilling has recently been completed with results pending.
Preliminary 4m down hole composite sample results have been received and include:
Golden Wishbone
- 4m at 4.4 g/t gold from 8m in ASQRC015.
- 4m at 1.2 g/t gold from 24m in ASQRC013.
- 4m at 0.2 g/t gold from 56m in ASQRC016.
Emu
- 8m at 0.7 g/t gold from 60m including 4m at 1.1 g/t gold from 64m in ASQRC012.
- 8m at 0.3 g/t gold from 8m including 4m at 0.5 g/t gold, and
- 4m at 0.2 g/t gold from 20m in ASQRC011.
- 4m at 0.3 g/t gold from 12m, and
- 4m at 0.2 g/t gold from 24m in ASQRC006.
- 4m at 0.2 g/t gold from 12m in ASQRC009. Golden Wishbone SE
- 4m at 0.2 g/t gold from 32m in ASQRC005.
