Reedy Lagoon racking and stacking WA gold targets
Reedy Lagoon is one step closer to drilling at its Burracoppin gold project in WA. Preparation is underway at four prospect areas where gold targets have been identified via geophysical and geochemical data.
To further identify prospective targets along the Yandina shear zone, Reedy will undertake additional gold-in-soil sampling, along with infill and extensional sampling on targets previously identified by geochemical data.
In a convenient location, sitting midway between Perth and Kalgoorlie on the Great Eastern Highway, the Burracoppin project hosts four prospects along the Yandina shear zone, Lady Janet, Windmills, Shear Luck and Zebra.
Reedy has previously flown an unmanned magnetic survey drone over the project and collected soil samples over the four prospects, which were all interpreted to be prospective for gold.
The project sits smack in the middle of WA Wheatbelt country. The region hosts the famous Edna May gold mine, 20 kilometres to the northeast, and the Tampia gold mine 60km to the south. The Edna May mine traces back to the 1980s and has produced more than 1 million ounces of gold, with more than half of that produced after 2011. The latest mineral resource still contains a significant 30 million tonnes at 1.0 gram per tonne for 950,000 ounces of gold.
Reedy says soil sampling across the four prospects will commence following harvest activities that are well underway. Exploration at Lady Janet will further investigate an interpreted anticline structure and discrete magnetic anomalies, along with gold-in-soil anomalies at other structures within the prospect.
At the Shear Luck prospect, Reedy will conduct infill and extension soil sampling at a previous sampled zone where gold-in-soil anomalism was recovered at five consecutive traverse lines spaced 200 metres apart.
The Windmills prospect drone survey was affected by the presence of wind turbines and a high-tension power line, so the company will do some boots on-the-ground infill and extension soil sampling across the whole structure before determining a drill program on the prospect.
At the southern end of the Burracoppin project lies the Zebra prospect where anomalous levels of gold have previously been assayed in soil samples on eight adjacent traverse lines. The company plans to continue with infill and extension soil sampling to investigate structures interpreted from the magnetic drone survey.
Reedy recently raised circa $284,000 via a rights issue which will fund the immediate exploration program and lead to what many stakeholders are anticipating in the near future – drilling.
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