Located in the West Yilgarn Cu-Au, Au and Ni-Cu-PGE province of Western Australia, Enegex’s West Yilgarn projects cover an area of 1,755km2.
The potential of the West Yilgarn to host globally significant mineral deposits is evidenced by the multi-million-ounce Boddington copper-gold mine, the Gonneville Ni-Cu-PGE discovery (ASX: CHN), and the definition of 2.84Mt of contained copper at the Caravel Copper Project (ASX: CVV). Other emerging discoveries in the broader project area include the Moora Cu-Au Project (ASX: M16), and structurally controlled gold and Cu-Au mineralisation at Ularring, Pithara and Rocky Ridge.
Enegex’s West Yilgarn tenements comprise five Project areas: Perenjori, Three Springs, Miamoon, Walebing and Goomalling. The Rocky Ridge Gold Prospect is held within Enegex’s Perenjori project. The project areas predominantly cover private freehold farming land so access for exploration is subject to landowner consultation and consent.
Enegex’s Perenjori project contains the Rocky Ridge Prospect that contains a continuous strike length of over 6km of anomalous gold, hosted in granulite within an arcuate magnetic belt. Multiple historical drill programs have been completed over the prospect and a best intersection of 7m at 2.52 g/t has been achieved. Enegex plan to target strike extensions of mineralisation under cover.
The Company’s field reconnaissance activity continues to build our understanding of the geology, structural targets and weathering profiles underlying the widespread soil-cover typical of the project areas. Previous geological mapping is restricted to broad-scale government publications that had interpreted belts of metamorphic sedimentary, greenstone and gneiss between larger granite plutons.
The Company is using field geology, past exploratory work, proprietary geochemical datasets, and regional and proprietary geophysical imagery to define its structural and lithological targets, and then applying first-stage and infill geochemical sampling techniques to inexpensively assess those areas. Enegex has a good understanding of the geochemical thresholds and dispersion patterns in the area, which allows evaluation and turnover of less prospective tenure.