In Western Australia, a strip of land in the southern rangelands, about 450 kilometres from Perth, has both a rich history and rich future mining potential.
The Yalgoo region, also known as the Yalgoo Goldfield, has a history of gold prospecting and productive mines. Now, new technology-enabled discoveries are making the area of interest again, with polymetallic potential across the region.
Discoveries in Yalgoo are now ranging beyond gold to include silver, copper, zinc, lead and lithium in the 50,000 square kilometre region.
The potential is turning this region that previously relied on tourism — of old mines and ghost towns — and sheep grazing as its main economy into a draw for exploration and new mining ventures.
One of the first gold mines ever developed in the area was the Messenger’s Patch mine, built in the early 1900s and was known for its high-grade deposits. Although it has since been an area of interest among prospectors and producers, it remains underexplored.
The company is currently focused on two priority drill targets: Remorse, which is prospective for copper; and Sanity, with rock chip samples showing 7 grams per ton of gold, 0.2 percent copper and more than 60 percent iron. These two targets will be the focus of future drill programs in the near term.
Prospectors more than a century ago saw potential in this quiet strip of land in Western Australia. A mixture of technology-driven theoretical work and recent drilling suggest the Yalgoo region has polymetallic potential. Strong local infrastructure, a stable political situation and access to myriad data sources, past and present, is drawing investors to Yalgoo.
This INNSpired article was written according to INN editorial standards to educate investors.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
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