Seven High-Priority Gold Targets Defined at Western Yilgarn’s Gascoyne Project
Western Yilgarn Limited has identified seven promising gold exploration targets within its Gascoyne Gold Project, located just 8.7km from Benz Mining’s Glenburgh deposit in Western Australia. The findings stem from a detailed geophysical review highlighting structural and magnetic features analogous to the nearby gold system.
- Seven high-priority structural and magnetic gold targets defined
- Gascoyne Project covers 207 km² adjacent to Glenburgh Gold Project
- Targets lie within Dalgaringa Supersuite, host to Glenburgh mineralisation
- No drilling conducted yet; targets identified through airborne geophysics
- Western Yilgarn holds significant bauxite resources alongside gold exploration
Strategic Expansion in the Gascoyne Gold Belt
Western Yilgarn Limited (ASX, WYX) has taken a significant step in expanding its gold exploration footprint in Western Australia’s Gascoyne region. The company announced the results of a high-level geophysical interpretation over its 100%-owned Gascoyne Gold Project, revealing seven new structural and magnetic targets that bear strong similarities to the nearby Glenburgh Gold Project operated by Benz Mining Corp.
Located just 8.7 kilometres south of Glenburgh, the Gascoyne Project spans 207 square kilometres of highly prospective ground within the Dalgaringa Supersuite, a metamorphic rock formation known to host gold mineralisation. This proximity and geological affinity position Western Yilgarn to potentially delineate gold resources comparable to those at Glenburgh, which currently boasts a resource of 16.3 million tonnes at 1.0 g/t gold.
Geophysical Insights Highlight New Drill Targets
The interpretation was conducted by Core Geophysics Pty Ltd, led by Mathew Copper, who reviewed historical airborne magnetic, radiometric, and gravity data. The study identified multiple east-west and northwest-southeast magnetic trends interpreted as shear zones, key structural controls for gold mineralisation in the region.
Seven target zones were delineated based on their magnetic signatures, structural alignments, and associated geochemical indicators such as potassium responses. These targets remain untested by drilling but are considered high priority due to their geological analogy with Glenburgh’s mineralised system.
Exploration Potential and Next Steps
Western Yilgarn’s Non-Executive Director, Pedro Kastellorizos, expressed optimism about the project’s potential, emphasizing the outstanding opportunity to explore a fertile craton margin with significant upside. The company plans to undertake reconnaissance sampling and geochemical analysis to refine these targets further before advancing to drilling.
Alongside its gold exploration ambitions, Western Yilgarn continues to develop its substantial bauxite resource portfolio, with recent JORC-compliant resource estimates exceeding 205 million tonnes across multiple projects in Western Australia. This diversified resource base underpins the company’s broader growth strategy.
Challenges and Market Context
While the geophysical data provide compelling vectors for exploration, the absence of drilling means the targets remain conceptual. Additionally, the exploration licences covering the Gascoyne Project are not yet granted, potentially delaying on-ground activities. Investors will be watching closely for updates on tenement approvals and the commencement of field programs.
Given the proximity to a well-established gold system and the technical validation by independent consultants, Western Yilgarn’s Gascoyne Gold Project is poised to attract attention in a competitive regional exploration landscape.
Bottom Line?
Western Yilgarn’s newly identified gold targets near Glenburgh set the stage for a pivotal exploration phase that could reshape its resource profile.
Questions in the middle?
- When will Western Yilgarn secure the exploration licences to commence drilling?
- How will upcoming geochemical sampling refine the priority of the seven target zones?
- Can the Gascoyne Project deliver gold grades and tonnages comparable to Glenburgh?
