Charger Metals NL (ASX: CHR) has identified significant gold mineralization potential at the Mt Gordon Prospect within its Lake Johnston Lithium Project in Western Australia’s Yilgarn Craton. A desktop review has highlighted several high-grade gold drill intercepts that have not been adequately followed up, indicating the possibility of a broader mineralized system.
Additionally, shallow RAB drilling identified anomalous (>0.1 g/t Au) gold zones beneath transported cover, with many drill holes terminating in saprock or fresh rock at shallow depths (~40m), leaving deeper mineralization untested. The company believes that the best gold intersections remain untested at depth, with the potential for a structurally hosted gold system. Charger Metals has now initiated fieldwork planning to further explore these targets, with future deep reverse circulation drilling set to test for a potentially more extensive gold system concealed beneath the transported cover. Regional structures near these high-grade intersections further support the potential for a significant gold deposit in the area.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
