West Cobar Metals completes Mystique Gold Project acquisition in WA

West Cobar Metals has completed its acquisition of the Mystique Gold project, an exploration license in the Fraser Province in Western Australia (WA).

The license, known as the E28/2513, extends 35 square kilometers and is located about 225 km southeast of Calgorelli.

The Mystique project is referred to due to its capabilities in the sediments of gold and located within the province of Albani-Vryraser. The area remained relatively uncomplicated due to more than 30 meters from the mobile icon deposits that hide geology and minerals.

The company said that the neighboring housing, which was explored by the Igo and Rumble Resources Constus, has resulted in great objections of gold, especially in the possibility of themes north of the borders of the Mystique project.

These results include drilling intersections with high golden degrees such as 25 meters at 2.42 grams per ton (g/ton) and 16 meters at 6.69 g/ton.

“We are pleased to complete the acquisition of the Mystique Gold project. The residence includes a major ground space with an exceptional and immediate possibility for both shallow -hosted SAPROLITE and direct exploration,” said West Cobar Metals Matt Szwzicki.

The immediate targets of West Cobar in the Mystique project include the excavation test in Palaeochaannel/Saprolite, and Bed -stock Gold Malination, which is likely to extend south to its land at Themis South Prospect.

In addition, the operator aims to drill the test and determine the goals of the important gold promotion in the sperm rocks and the lower floor in the possibility of Torquata. The excavation program is being prepared to follow these main goals.

Last month, MinRex announced that West Cobar Metals had started the RC Circular D which a RC in the Fraser Range project.

This project is located about 120 km northeast of Espernce in WA.

The project includes the guaranteed exploration licenses E63/2078 and E63/2083, as well as exclusive rights to extract all minerals in the basic layers of E63/2056.

The drilling campaign will consist of eight RC holes, each of which reaches a depth of 200-300 meters.

The goal is to explore five highly priority copper sites within the Biranup area, which is bound geologically to the Fraser area, known as the discovery of NOVA-Bollinger Nickel.

Minrex funds the entire drilling operations, linking up to $ 500,000 (324,642 dollars) as part of an agreement with WC1 that can allow Minrex to secure a 50 % stake in the project.