Horse Well Project
Horse Well is located in the Warburton Mineral Field of Western Australia and is approximately 85 kilometres northeast of the town of Wiluna.
Exploration in the region is relatively immature, with the northern end of the Yandal greenstone belt having been largely ignored until the discovery of significant gold deposits at Bronzewing and Jundee in the 1990s. Work has comprised geological/regolith mapping, surface geochemical sampling programs (rock, soil, deflation lag), various geophysical surveys, target-definition drilling (RAB, aircore, vacuum), RC and diamond drilling to test identified targets.
The Horse Well Project occurs in the northernmost part of the Yandal/Millrose Greenstone belt that hosts a number of multi-million ounce gold projects: Bronzewing, Jundee and Darlot Gold Mines.
The current gold resources at Horse Well are listed below.
| Prospect | JORC Category | Tonnes | Grade (g/t) | Ounces Gold |
|---|---|---|---|---|
| Palomino | Indicated | 607,000 | 2.6 | 53,000 |
| Bronco | Indicated | 22,078 | 2.72 | 1,930 |
| Filly | Indicated | 151,199 | 1.86 | 9,043 |
| Filly SW | Indicated | 62,487 | 7.07 | 14,205 |
| Total | 842,764 | 2.80 | 78,178 |
Horse Well Exploration
During the data review on the Horse Well area a number of exploration targets were indentified.
These four (4) target areas have been high lighted in Figure 2.
- The target area to the north of Palomino.
Hole HWRC249 22m @1.48g/t including 2m @ 7.03g/t is 100m along strike from the main
Palomino ore zone and the area to the north of this hole has not been tested. - The target area to the north of Bronco.
This area has Au anomalism at the bottom of RAB holes including 1.46g/t Au that have not been
followed up. - The target area around Filly Central.
This area is a broad mineralised zone with long runs of anomalous gold values.
It also has RC holes with massive to semi-massive sulphide intercepts with no record of base
metal assays and 1m @ 7.9g/t Au at the base of the sulphides which has not been followed up. - The target area to the south of Filly South.
This area has convergent structures and is untested by drilling. Filly South has an indicated
resource of 62,487t @ 7.07g/t.