Mutiny Gold doubles Deflector strike length
THE DRILL SERGEANT: Recent exploration activities conducted by Mutiny Gold (ASX: MYG) have identified extensions to the mineralised host structure of the Deflector gold-copper deposit, more than doubling its previously known footprint.
The Deflector deposit is situated within the company’s Deflector project, located in the Murchison Region of Western Australia.
Mutiny said it had also identified favourable structural settings for, what it described to be, Deflector ‘clones’ near the Gearless Well Intrusive – supported by historical drilling results.
The company is confident this new information increases the potential of the Deflector project beyond the current exploration target range of 1.65 to 3 million ounces.
The latest discoveries were confirmed by Southern Geoscience (SGC) using Sub-Audio Magnetics (SAM) technology.
SGC has mapped the weathering profile under cover, and developed a detailed structural framework based on existing high-resolution magnetics data.
The strike of the Deflector resource had previously been identified as being 950 metres in length.
SAM results indicating mineralisation extensions. Source: Company announcement
According to Mutiny, interpretation of new SAM data has confirmed the existing resource signature, and indicates the mineralised host-structures continue at least 450m north and 950m south to a combined strike length of over 2,350m.
“The success of the use of SAM technology at Deflector supports our belief in the prospectivity of the Deflector project and Corridor, which suggests it may become one of the most significant gold discoveries in Western Australia in recent years,” Mutiny Gold managing director John Greeve said in the company’s announcement to the Australian Securities Exchange.
“The company’s exploration strategy has successfully delivered targets, aligning with Mutiny’s ‘smart targeting’ approach and unlocking the exploration potential of the Gullewa tenements.
“Mutiny has always suggested that its previous success in proving up a highly valuable, high grade, low cost gold-copper project at Deflector was just the start of something big and this new work is validating that confidence.”