The Bali Project is prospective for copper, zinc, silver and lead and is located approximately 250 km west of Newman in Western Australia. Norwest has the right to acquire 100 percent interest in the Bali Project upon payment of A$175,000 to the current owner Tasex Geological Services Pty Ltd prior to 31 December 2018.
There are a number of prospects within the Bali project area with exploration largely focused on the northwest-trending Bali shear zone. The Bali shear extends 8 kms through the centre of the tenement and hosts gold, base metal and uranium mineralisation.
To date, five zones of mineralisation have been identified along the shear and lightly drill tested with the majority of holes reaching 30 metres or less. Positive results from the historic drilling include:
(a) 9 metres @ 2.14% Copper & 9.8 g/t silver (Drill hole CL4),
(b) 3 metres @ 3.75% Copper & 18.3 g/t silver from 5 metres downhole (Drill hole CL1A).
(c) 6 metres @ 7.17% Copper & 27.3 g/t silver from 17 metres downhole (Drill hole CL1A).
An exploration programme completed by the Company in July 2018 included mapping along the Bali Shear Zone and the collection of 87 rock chip samples from Bali Hi, Bali Lo and Bali East prospects. Assay results from the rock chips has 33 samples reporting more than 5% copper. Rock chip sampling of the Bali East prospect returned very encouraging results with assays ranging up to 34% copper. Similarly, sampling of the Bali Hi and Bali Lo prospects has returned promising assays that ranged from 0.04% to 36.8% copper. (see ASX:AUZ announcement 2 August 2018 , IPO prospect Norwest zeroes in on high-grade copper and gold targets.)
To date no high resolution geophysics has been undertaken at the Bali Project. Norwest has planned a maiden electromagnetic (EM) survey across the Bali Project area. The EM programme will better define potential subsurface sulphide mineralisation and assist with future drill hole planning along the shear and other Bali areas.