Tempest Minerals (ASX:TEM) is still progressing approvals for potential drilling at its Yalgoo Project in Western Australia after flagging multiple high priority targets in the past quarter.
Yalgoo is Tempest’s flagship project totalling more than 1,000km-square near ‘high profile’ neighbours 29 Metals’ (ASX:29M) Golden Grove copper, zinc, gold, silver mine; Spartan Resources’ (ASX:SPR) Yalgoo Gold Project; and Silverlake’s (ASX:SLK) Deflector and Rothsay Gold Mines.
During Q4 2023, the company flagged new targets during a regional electromagnetic (EM) survey. Notably, among the zones detected, an appreciable EM anomaly exists directly coincident with the exciting previously announced 4km long base metal ‘Remorse’ target.
In its latest quarterly report released 31 January 2024, Tempest notes geochemical surveys at the Sanity Target delineated ‘strong’ coherent zones for multiple elements with particular respect to gold, having soil peaks of up to 80 parts per billion.
Onsite geological mapping continues at Yalgoo.
Additional gold was encountered in surface geochemical activities along strike from the existing open pit at the Range Project, located in the heart of the Mount Magnet mineral field.
Around this time a review and re-interpretation of the Range project was undertaken. Based on new information, a hypothesis that key geology found in the mineralised zone of the Britannia Well pit and other mining centres in Mount Magnet may continue in a newly recognised orientation.
Field verification saw rock chip samples from multiple outcrops yielding anomalous gold results at both the Wrangler and Cherokee targets.
Read more in this Mining.com.au article.
View our most recent Quarterly Activities report on the TEM investor hub.
