Mt Finnerty returns more high-grade gold

Diamond drilling at Mt Finnerty has intercepted more lengthy stretches of high-grade gold as Westar Resources and Ramelius Resources unwrap the last assays from the Tasman prospect, northeast of Perth in Western Australia.

Latest highlights:

• 8.70m at 13.4g/t Au from 173.5m
• 3.0m at 3.64g/t Au from 250m

The strikes came adjacent to a previous 13m at 4.37g/t gold intercept and early interpretation from the diamond core has pointed towards a mineralised structure associated with mafic to ultramafic intrusives – meaning high-grade gold may remain open in multiple directions.

“Our Mt Finnerty JV is starting to look more and more interesting with additional high-grade hits and the geologists beginning to understand the controls to the mineralisation.” – Ramelius Resources Managing Director Mark Zepter.

“The Mt Finnerty JV is continuing to deliver high-grade results and we’re further encouraged by Ramelius Mark Zeptner’s comments on the JV. We look forward to Ramelius continuing their work at the Mt Finnerty Project with the structural review and future drilling.” – Westar Executive Director Lindsay Franker.

The JV sits around 200 kilometres northeast of Ramelius’ Edna May mine and mill, with Westar holding a free quarter interest until the decision is made on whether to mine Mt Finnerty, a prospect looking more likely with the return of every new top-end intercept.

Structural review is now underway, and the next round of drilling will test the veracity and continuity of the interpreted veining once completed.

Cross section of the Tasman Prospect with RMS RC and DD drilling

WESTAR RES FPO [WSR]

Sector: Basic Materials

Industry: Gold

Employees:

Westar Resources Limited, together with its subsidiaries, explores for and develops mineral properties in Western Australia. It primarily explores for gold and base metal deposits. The company holds 100 % interest in the Murchison Projects, comprising, Gidgee North, Gidgee South, Winjangoo, and Mindoolah projects located in Murchison region of Western Australia; holds 100% interest in the Pilbara Project located in the Pilbara; and 100% interest in Yilgarn Project, comprising Mt. Finnerty and Olga Rocks projects. The company was incorporated in 2019 and is based in West Perth, Australia.

RAMELIUS FPO [RMS]

Sector: Basic Materials

Industry: Gold

Employees: 370

Ramelius Resources Limited, together with its subsidiaries, engages in the exploration, mine development and operation, production, and sale of gold in Australia. It operates through three segments: Mt Magnet, Edna May, and Exploration. The company owns and operates the Mt Magnet, the Edna May, the Vivien, the Marda, the Tampia, the Rebecca, and the Penny gold mines located in Western Australia. It also develops Symes' Find prospect located in the Southern Cross Province of the Eastern Goldfields. The company was incorporated in 1979 and is headquartered in East Perth, Australia.

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