Woomera Mining's successful drilling program

Woomera Mining (ASX:WML) has completed its first diamond drilling program at the Bronze Fox Copper-Gold Porphyry Project in Mongolia. The program involved drilling 16 holes, totaling 2516.4 meters. The focus was on shallow targets, with one deeper test hole. All holes intersected the target porphyry. Assay results are anticipated by late December 2024 or early January 2025.

Woomera Mining's strategic exploration at Bronze Fox

Woomera Mining Limited has successfully conducted its first diamond drilling program at the Bronze Fox Copper-Gold Porphyry Project, covering 175 km² in Mongolia's Southern Gobi porphyry belt. The company drilled 16 holes, totaling 2516.4 meters, with a focus on shallow infill and extension targets. The project holds significant potential, with an option for Woomera to earn an 80% interest by investing US$4 million in exploration. The company aims to secure 100% ownership eventually. The project boasts an Inferred Mineral Resource of 194.1Mt at 0.26% CuEq and an Exploration Target of 100Mt to 300Mt at 0.25 to 0.35% CuEq. Woomera plans additional exploration activities in 2025, including more drilling to extend and update resources. This advancement underscores Woomera's commitment to enhancing its resource base and market presence.

Insightful commentary on drilling success

The drilling intersected the target porphyry in all holes, and assay results are expected by late December 2024 or early January 2025.