06/07/2021 - 15:39

Native Minerals secures key land access agreement for WA gold project

06/07/2021 - 15:39

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Native Mineral Resources has executed a pivotal access agreement with the pastoral leaseholder at its promising Music Well gold project north of Leonora in Western Australia. The Pastoral Access Deed agreement with Next Horizon 888 Management gives Native Minerals a clear path to accelerate exploration and development at Music Well, which has been producing bumper gold results from sampling of an outcropping quartz vein.

Visible panned gold from a crushed sample at Native Mineral Resources’ 100 per cent owned Music Well project in WA. Credit: File

Native Mineral Resources has executed a pivotal access agreement with the pastoral leaseholder at its promising Music Well gold project north of Leonora in Western Australia. The Pastoral Access Deed agreement with Next Horizon 888 Management gives Native Minerals a clear path to accelerate exploration and development at Music Well, which has been producing bumper gold results from sampling of an outcropping quartz vein.

The agreement gives Native Minerals unrestricted access to roads and tracks at the 290 square-kilometre Music Well property.

Recent sampling from up to 1m into the outcropping quartz vein returned numerous impressive results with 28 crushed rock samples delivering grades above 1 g/t gold, including 10 samples going at more than 10 g/t gold.

All 128 samples taken from the vein carried an average 3.16 g/t gold.

Curiously, several samples showed visible gold with small flakes and nuggets in material excavated for bulk processing.

Previous surface sampling of the vein by Native Minerals also served up high-grade gold including 100 g/t and 45.84 g/t, whilst sampling by previous explorers returned 34.8 g/t and 32.47 g/t gold.

The company plans to fast-track its exploration efforts to follow up on the high-grade results with drilling tabled for later this month and a bulk sampling campaign also in the works.

Native Mineral Resources Managing Director Blake Cannavo said: “This access agreement is significant and paves the way for Native Mineral Resources to rapidly accelerate our exploration and development plans for the Music Well gold project. Our recent work at Music Well has clearly outlined the potential for the project to host a high-grade gold system and as a result we have expedited our exploration plans for Music Well over the next few months. Diamond drilling will get underway later this month and we will be following up with further bulk sampling in the near-term, so we look forward to providing a steady flow of updates on progress this quarter.”

The 450m diamond drilling campaign will test orientation and depth extensions of the vein to 30m, whilst also assessing potential for parallel veins.

The drilling will be co-funded to the tune of $68,000 under WA’s government-backed Exploration Incentive Scheme.

Simultaneously, Native Minerals plans to tackle a deeper bulk sampling program to better define the gold grade of the vein system.

 

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