Norwest Minerals has secured an extensive portfolio of prospective gold and base-metal properties in Western Australia. Our strategy is focussed on delineating an economically viable resource capable of rapidly transforming the Company from an explorer into a mineral producer.
Our WA projects are located among world-class mineral discoveries and boast exciting walk-up drill targets identified by historic drilling, recent surface geochemistry and geophysical programmes with impressive results announced in August of this year. The Company has a clear strategy to add near term shareholder value through sound but aggressive exploration of these WA assets, summarised as follows:
Bali: complete a modern geophysical programme along the Bali Sheer Zone where recent rock chip assays have returned very high-grade copper and previous shallow drilling has returned significant widths of high grade copper intersections, the best of which was 6 metres @ 7.17% Copper & 27.3 g/t silver from 17 metres downhole. Following the geophysical programme Norwest intends to undertake an RC drill programme to test any conductive anomalies identified;
Warriedar: undertaking RC drilling to test potential gold mineralisation extending below the old Reid's Ridge gold mine workings and gold mineralisation at the Mt Laws mineralised trend where previous drilling encountered 9m @ 1.6g/t Au and 3m @ 2.0 g/t Au with additional intercepts of 4m @ 2.6g/t Au and 4m @ 2.3g/t Au drilled 225m west along the Mount Laws mineralised trend.
West Arunta: be the first explorer to drill the large and very exciting IOCG North Dovers target at the Arunta West Project identified by a co-incident magnetic and gravity anomaly covering approximately a 4-kilometre by 8-kilometre area.
Marymia: undertaking RC drilling at Marymia to test two high priority gold and VMS based metal targets. The first is high-priority target is an untested 400m by 200m magnetic anomaly that has a similar magnetic intensity as the Company’s Dixon prospect, where the discovery hole, MMRC016, intersected 10m @ 8.79 g/t and is potentially coincident with the mafic-felsic volcanoclastic contact. The second high-priority drill target was identified following a tightly spaced geochemical sampling program that identified potential VMS style base metal mineralisation.
Marriotts: remodel the existing Inferred Resource of 662,000 tonnes at 1.3% Nickel for 8,700 tonnes of contained nickel with the aim of converting part of the resource from Inferred to Indicated classification. Also, conduct a small study into sale or toll treating options of the resource.
In addition, the Company will continually assess strategic corporate opportunities that may have the potential to create additional value for all Shareholders.