Yule Project 100% (GSM)
The Yule Project is located 45km southwest of Port Hedland in the northern Pilbara region of Western Australia and consists of six granted exploration licences and two exploration license applications for a total of approximately 730km2.
The Yule Project is located in an underexplored, emerging gold, base metals and battery minerals province near the world-class Hemi discovery (De Grey Mining Ltd) and captures major regional structures including the Sholl Shear and Yule River Shear Zones. GSM completed a detailed geophysical review which highlighted complex geological structures and intrusive bodies. GSM drilling in the Yule area has identified multiple priority target areas.
Yule North (E47/3508 & E47/4343) includes approximately 21km of the highly prospective Sholl Shear Zone and Boodarie volcanic belt and has been the subject of previous exploration for Cu-Ni, Cu-Pb-Zn and Au mineralisation since the early 1970s. The Sholl Shear hosts significant VMS-associated Cu-Pb-Zn-Ag mineralisation at the Whim Creek, Mons Cupri and Salt Creek deposits to the southwest of the tenement area. The Balla Yule prospect is located approximately 2km north of the Sholl Shear Zone and is an interpreted layered mafic /ultramafic intrusive with Ni-Co-Cu potential (previous drilling recorded 14 metres of 0.51% Ni & 0.033% Co from 38 metres). Drilling in 2021 recorded 4m @ 0.79 g/t Au from 74m which highlights the exciting multi commodity potential of this tenement area.
Drilling at the Yule South tenements (E47/3503 and E47/3507) has recorded anomalous and significant gold intercepts (4 metres @ 2.3g/t Au including 1 metre @ 7.6g/t Au from 99m) and encouraging Lithium-Caesium-Tantalum (LCT) pegmatite pathfinders. Sheared granite margins may also provide structural trap sites with the potential to host gold mineralisation within remnant greenstone units. Paleochannels associated with the Yule River also have the potential to host deposits of heavy minerals and gold.
Yule East (E45/5570) is considered prospective for gold and lithium and includes the Yule River Shear zone which hosts a 9km gold-copper-arsenic bedrock anomaly outlined by a previous explorer. The tenement also includes a large granite batholith of the Split Rock Supersuite which is a fertile source for LCT pegmatite development within the Pilbara region. GSM drilling recorded encouraging gold and gold pathfinder intercepts and recorded a wide range of rock types including interpreted altered and sheared metasedimentary types, metamorphic and mafic schists and granitoid/porphyritic intrusive bodies.