Western Yilgarn has acquired new exploration licences, expanding its gold portfolio within the Gascoyne Region of Western Australia.
The licences, covering an area of 201km², are located just 8.7km from the high-potential Glenburgh Gold Project.
The newly secured ground lies over a highly fertile craton margin and metamorphic belt terrane, with the potential for significant gold mineralisation.
The licences are fully owned by Western Yilgarn and fall within the Dalgaringa Supersuite, which hosts the Glenburgh Gold Project.
The company said that the region has been recognised for its gold potential in recent decades but remains underexplored, offering a substantial opportunity for new discoveries.
Exploration activities are already under way, including comprehensive geological and geophysical analysis aimed at identifying prospective gold drilling targets.
The Gascoyne Project area is situated approximately 300km east of Carnarvon by road, with access from the west via Meekatharra-Carnarvon Road or from Jack Hills through Milly Milly station.
Western Yilgarn non-executive director Pedro Kastellorizos said: “We are extremely pleased to secure the Gascoyne Gold Project as it provides excellent potential to delineate gold resources similar to the Benz Mining Glenburgh mineralised gold system, which now expands over 50km in length.
“The company has the same geological lithologies as the Glenburgh Gold Project located to the north of the current tenements. We have now commenced a geological and geophysics review for the purposes of delineating gold targets to commence ground exploration activities.”
In addition to this expansion, Western Yilgarn’s management team has recently undergone a strategic restructure.
This included divesting from international subsidiary projects and acquiring new, highly prospective land holdings in some of Australia’s emerging nickel-gold regions.
