Moab Minerals Limited (ASX:MOM) is delighted to share an update on its exploration activities at the Woodlands and Mt Amy gold and base metal projects located in the Murchison and Gascoyne regions of Western Australia.
Key Highlights:
- A comprehensive soil geochemistry program is set to commence at Woodlands on 24 September, focusing on gold and base metals.
- Following the exploration results of 2022, no additional activities are slated for the Mt Amy project.
Mr Malcolm Day, Moab's Managing Director, remarked, “Our soil program at Woodlands is significant, targeting gold linked with variscite in the southern part of the tenement. In the north, stratiform base metals will be assessed through ground geophysical programs. After completing the exploration at Mt Amy, we've decided to relinquish that property.”
About the Woodlands Project:
Woodlands is characterized by gold targets in its southern region, associated with east-west structures and a distinct bright green alteration mineral, variscite. The northern region hosts base metals targets (Cu-Pb-Zn) linked with gossanous zones in Proterozoic carbonaceous sediments, aiming for Mt Isa style stratiform base metal mineralisation.
Situated in the western stretch of the Jillawarra Belt, the Woodlands Project is a part of a structurally controlled zone of sedimentary rocks. Notably, the contact between the Irregully Formation's dolomitic sediments and the Kiangi Creek Formation's polymictic conglomerate is a crucial marker for the Abra lead-zinc-copper-gold deposit.
Gold Targets:
The variscite-gold prospect is located in the excised tenement E52/2790, held by a third party. While Moab doesn't possess WMC’s gold results, the available arsenic results indicate anomalous trends extending from the variscite prospect into the Moab tenement. Given the strong correlation between gold and arsenic in this geological setting, soil sampling is planned along the variscite-gold prospect's strike. This sampling, sensitive to both gold and base metals, is set to begin on 24 September.
Base Metal Targets:
Gossanous ironstones in the tenement's northern region have shown anomalous Ag, Cu, and Zn values. This prospect, yet to be drill-tested, will undergo ground geophysics to identify specific sulphide conductors in the bedrock. The EM survey, currently in its planning phase, will be detailed further once a geophysical contractor is finalized.
Update on the Mt Amy Project:
In September 2023, Moab conducted a field evaluation of a gold anomaly from a soil survey completed in December 2022. However, no evidence of mineralisation or alteration was observed. The soil anomaly was attributed to alluvial enrichment by the drainage system. Consequently, Moab has decided not to pursue any further work at Mt Amy.
About us:
Moab Minerals Limited (ASX:MOM) is an exploration and project development company. The Company is currently focused on the exploration and development of the REX UraniumVanadium Project located in the famed Uravan Mineral Belt of Colorado. The project is 60% owned by Moab and contains many historic uranium mines including, Blackfoot/Rattlesnake, Wedge, Merry Widow, Sunbeam and Vanadium King that have not been subject to exploration 7 since the 1970’s, other than initial sampling by MOM. The Company aims to further explore REX through a targeted exploration program.
Contact details:
Jane Morgan
jm@janemorganmanagement.com.au
