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Woomera Mining (ASX: $WML) commences drilling at wyloo dome gold jv

Woomera Mining Limited (ASX: $WML) commences drilling at Wyloo Dome Gold JV


Woomera Mining Limited (ASX: $WML) has announced the commencement of a reverse circulation (RC) drilling program at the Wyloo Dome Gold JV in Western Australia's Ashburton region. The program consists of a minimum of four drill holes at the New Morning prospect, targeting electromagnetic (EM) conductors identified from a geophysical survey completed in 2022. The Company anticipates receiving assays in late April/early May, with the results to inform planning for follow-up drilling programs to be conducted later in 2024, subject to access relating to farming activities.

Executive Commentary on Drilling Commencement


The Company is pleased to announce the commencement of the drilling program at the Wyloo Dome Gold JV. This program is a significant step forward in our exploration efforts, targeting EM conductors and VTEMâ„¢ MAX anomaly at the New Morning prospect. We are optimistic about the potential of this project and look forward to the results of the assays, which will guide our future drilling programs. Our focus remains on exploring for battery metals and gold in the Ashburton region, and we are committed to delivering value to our stakeholders through our exploration activities.

Summary of ASX Announcement


Woomera Mining Limited (ASX: $WML) has initiated a RC drilling program at the Wyloo Dome Gold JV in Western Australia's Ashburton region. The program aims to test a blind AEM conductor coincident with a large amplitude VTEMâ„¢ MAX anomaly at the New Morning prospect. The Company plans to drill a minimum of four holes and anticipates receiving assays in late April/early May, which will guide future drilling programs. Additionally, Woomera has completed an infill auger sampling program at the Ravensthorpe Project, with the results expected to inform planning for follow-up drilling programs later in 2024. The Company remains focused on exploring for battery metals and gold in the Ashburton region, demonstrating its commitment to delivering value to its stakeholders through its exploration activities.

WOOMERA MINING LIMITED
WML | ASX | Materials
0.0030.001(+50%)
At close 05/07 (AEDT)
Market cap
$2.4M
Volume
2,165,400
DY Yield
0
PE Ratio
0
52 Week Range
0.002 - 0.034
1YR Return
-20%

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