Exploration potential drives Western Yilgarn’s latest WA gold expansion

The newly secured Gascoyne project offers significant exploration upside across 201km2, under 10km from Benz Mining Corp’s Glenburgh gold deposit.

Western Yilgarn is piecing together a tantalising portfolio of WA exploration assets and has already started exploration on its new Gascoyne project. Pic: Getty Images

Special Report: Western Yilgarn has secured a new gold project in one of WA’s emerging exploration hotspots, aiming to replicate the resource success of nearby Benz Mining Corp. 

• Western Yilgarn acquires Gascoyne gold project 
• The project is down the road from Benz Mining Corp’s Glenburgh project, where exploration success has sent its owner 140% higher in a year
• Work is underway to delineate gold prospects

The company, which boasts a large bauxite and gallium presence in WA, has secured the Gascoyne project following the acquisition of three exploration licences (E09/2986, E09/2987 and E09/2988) covering a total area of 201km2. 

The latest addition to the company’s portfolio holds huge exploration upside over a highly fertile craton margin-metamorphic belt terrane lying within the Dalgaringa Supersuite – a large collection of Palaeoproterozoic granitic rocks. 

Those same rocks play host to Benz Mining Corp’s Glenburgh gold project, which features a 16.3Mt resource at 1g/t gold for 510,000oz of contained gold. 

And given it’s located just 8.7km up the road, there’s no doubt the newly acquired package has the potential to deliver something similar.

Exploration over at Glenburgh has sent Benz’s shares 140% higher in the past year, a sign of the scale of opportunity if Western Yilgarn’s (ASX:WYX) pivot pays off.

WYX’s new ground is located northwest and immediately southeast of Glenburgh. Pic: WYX

Greenfields potential

While gold potential in the region has been recognised for decades, much of the area remains underexplored, offering significant scope for new discoveries.

The regional geology has been characterized by ~100-metre-thick horizon of gneissic rocks with Western Yilgarn’s new asset located some 300km by road of the coast township of Carnarvon.

Explorers including Dreadnought Resources, Strickland Metals, and Miramar Resources have moved into the Gascoyne region, yet large parts remain underexplored due to its remote location and challenging terrain. 

WYX non-executive director Pedro Kastellorizos said the company is extremely pleased with the new acquisition as it provides excellent potential to delineate gold resources similar to Benz’s Glenburgh mineralised gold system, which has expanded to over 50km in length.

“We have now commenced a geological and geophysics review for the purposes of delineating gold targets to commence ground exploration activities,” he said.

The gold project adds a key limb of diversity to WYX’s portfolio. It’s primary asset has been the Julimar West bauxite project in the world class Darling Range bauxite province near Perth.

It contains a massive inferred mineral resource estimate of 168.3Mt at 36.1% Al203 & 14.7% total SiO2 (cut-off: ≥25% Al2O3).

This article was developed in collaboration with Western Yilgarn, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Originally published as Exploration potential drives Western Yilgarn’s latest WA gold expansion