Four Mile Well Project
The Laverton region is a well-endowed, world class mining jurisdiction, with a number of major gold and nickel deposits within close proximity to the Four Mile Well project area. Two significant nickel sulphide deposits (Windarra and Mt Windarra) are located to the west of the project area and the 1.3Moz Lancefield gold deposit is located less than 1km to the south of the project.
GSM completed geochemistry fieldwork with an initial reconnaissance air-core drilling program on the southern part of the project area and recorded encouraging low level gold anomalism including 4m @ 114 ppb from 40 metres.
GSM has completed a detailed review to check the validity of a historic geochemistry dataset that extends to the north of the project area. The extra processing highlighted a previously unrecognised anomalous response in the historic data revealing an encouraging arsenic-bismuth-low level gold anomaly on exploration licence areas in the northern half of the Four Mile Well project. This historic geochemical anomaly is interpreted to be open to the east which requires further follow-up testing.