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Highlights
- Crucial data identified in legacy exploration at the FiveWheels Project
- Tempest Minerals has initiated fieldwork, including geological mapping and sampling on the field
- Total 50km strike length of highly prospective target area has been unlocked at the project
ASX-listed mineral exploration company, Tempest Minerals Ltd (ASX: TEM) has identified crucial data in legacy exploration at the FiveWheels Project, scaling up value as well as anticipation to the project. The company has initiated fieldwork, including geological mapping and sampling on the field.
The existence of significant geological units was outlined in the iron ore exploration drilling completed previously. Notably, other explorers have collected high grade soil results at the site in the past. As a result, over 50km strike length of highly prospective target area has been unlocked at the project.
Details of the Five Wheels Project
Situated in the Western Australian Warburton Mineral field, the FiveWheels Project was acquired by Tempest Minerals in July 2023.
The historic exploration done in the vicinity of the FiveWheels Project had a focus on iron ore prospectivity. Legacy soil geochemistry gathered high-grade samples, such as 1,130 ppm (~0.1%) Copper and 847 ppm Zinc, in the western portion of the project, while major geological units, such as the Frere Formation and the Yelma Formation, were intersected in legacy drilling for iron ore in the western side of the project. However, assaying is still pending.
Currently, the compilation of project wide data is underway. The company is expecting the results of initial fieldwork in Q4 of the current year. The outcome of the fieldwork will suggest if further fieldwork and drill are required in 2024.
TEM shares traded at AU$0.007 midday on 24 October 2023.