Western Mines Group (ASX:WMG) reports positive geochemical assay results

Western Mines Group Ltd (WMG) (ASX:WMG) has announced the receipt of geochemical assay results for five Phase 3 reverse circulation (RC) drill holes at the Mulga Tank Project, located on the Minigwal Greenstone Belt in Western Australia's Eastern Goldfields. The results highlight broad intersections of nickel sulphide mineralisation, with all holes ending in mineralisation, extending the mineralisation outside of previously known and tested zones within the Complex.

Executive commentary on the latest RC assay results

Dr Caedmon Marriott, Managing Director of Western Mines Group Ltd, commented, 'Results from these five holes complete the two southern fences of the Phase 3 program, stepping out to the south from our previous drilling in the main body of the Mulga Tank Complex. Some of these holes are well outside the area modelled in our JORC Exploration Target, but yet again we are still seeing nickel sulphide mineralisation and the system just keeps getting bigger. Four of the holes show ~200m intervals of sulphide mineralisation, with sulphur and associated chalcophile element results (Cu and PGE's). Various intersections of higher grade results may provide vectors to further pods or zones of richer material. MTRC055 is the best hole of this batch of results returning 216m at 0.30% Ni, which contained a number of higher grade intervals including 11m at 0.63% Ni, with 4m at 1.16% Ni that had 1m at 2.46% Ni and 0.43% Cu.'

Summary of the geochemical assay results and outlook

The geochemical assay results demonstrate significant evidence for 'live' magmatic sulphide chemical processes and show a number of broad zones of highly anomalous Cu and PGE's in combination with elevated S, and a S:Ni ratio greater than 0.5. The results extend nickel sulphide mineralisation outside of previously known and tested zones within the Complex, highlighting a larger system than that modelled in the Company's JORC Exploration Target. The Company continues to build its understanding of the Mulga Tank Complex and the extensive disseminated sulphide mineralisation observed. The outlook remains positive as the Company looks forward to regularly updating shareholders on further assay results from the Phase 3 RC drilling program as they become available.