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Highlights:
Hamelin Gold secures co-funding from the Western Australian Government’s Exploration Incentive Scheme (EIS).
The funds will support drilling and geophysics work at the West Tanami Project, focusing on mineralisation and conducting a survey over the site.
The West Tanami Project is located in an underexplored region with strong prospects for large-scale gold and base metal deposits.
Hamelin Gold (ASX:HMG), a junior mineral exploration company, has received significant support for its West Tanami Project in Western Australia. The company, which focuses on mineral exploration in the region, has been granted co-funding under the Western Australian Government's Exploration Incentive Scheme (EIS). This funding is set to enhance the exploration activities at the West Tanami Project, which spans a large area in a region known for its mineral-rich landscape.
Exploration Plans for the West Tanami Project
The majority of the co-funding will be allocated to drilling programs at the Jazz gold prospect, a key component of the larger West Tanami Project. The funds will support reverse circulation and diamond drilling. These activities are expected to begin in mid-2025 and will focus on mineralisation at various depths and along the strike of a significant gold anomaly. This anomaly, which has been previously identified by aircore drilling, stretches over a substantial distance and remains a prime target for exploration.
The remaining funds will be used to conduct geophysical surveys over the project area. These funds will facilitate an airborne electromagnetic survey, which is designed to enhance the understanding of the subsurface and support future exploration efforts. The geophysics work is set to commence in the latter half of 2025.
Targeting Mineralisation in the Tanami Region
The West Tanami Project is located in the Tanami region, a largely unexplored mineral province that holds significant promise for large-scale gold and base metal discoveries. Hamelin Gold plans to use the co-funding to explore areas within the project that may contain mineral conductors, particularly within the Hawkeye, Le Beau, and Schultz intrusions. These areas are considered prospective for nickel, copper, and platinum group element mineralisation.
Hamelin Gold’s Managing Director, Peter Bewick, highlighted the competitive nature of the EIS co-funding program, noting the company’s success in securing both drilling and geophysics funding. Bewick emphasized that the EIS initiative is designed to promote and accelerate exploration in underexplored regions, enabling companies like Hamelin Gold to advance their exploration programs more effectively.
The Scope of the West Tanami Project
Covering a substantial area, the West Tanami Project represents a large-scale exploration effort in an emerging gold province. The project is part of Hamelin Gold’s broader strategy to explore for valuable mineral deposits in Western Australia. The region’s mineralization is considered highly prospective, and the exploration programs funded by the EIS are expected to play a critical role in advancing the project’s exploration objectives.
Hamelin Gold’s efforts in the West Tanami area are a part of the company’s ongoing exploration activities aimed at making new mineral discoveries in Western Australia. The grant from the EIS will play an important role in accelerating these efforts and expanding the company’s exploration footprint in the region.
