Wild Acre Metals announces maiden Resource at Mt Ida

THE DRILL SERGEANT: Wild Acre Metals has announced a JORC-compliant maiden Mineral Resource estimate for a number of prospects at the company’s 100 per cent-owned Mt Ida project, located near Kalgoorlie in the Eastern Goldfields of Western Australia.

The maiden JORC-compliant Mineral Resource at the Quinns and Mt Ida South projects using a 1 gram per tonne gold cut‐off has been estimated at 1.23 million tonnes at 2.46 grams per tonne gold for 97,037 ounces gold.

The Mineral Resource estimate includes the Matisse,Quinn Hills, Western lodes, Boudie Rat and Forrest Belle depsoits of the Quinns project as well as the Spotted Dog (North and South) and Tim’s Find deposits from the Mt Ida South Project.

 

Location of resource prospects at the Quinns and Mt Ida South projects. Source: Company announcement

 

Over half (53%) of the resource has been catalogued in the Indicated category.

In addition to the maiden Mineral Resource Wild Acre indicated an Exploration Target of 250,000 to 500,000 tonnes at between 1.25 and 2.5g/t gold has been identified at the Black Kite prospect.

Recently conducted drilling at Black Kite returned anomalous intersections over 800m of strike including:

–    12 metres at 1.51g/t gold, 5 metres at 8.27g/t gold and 2 metres at 5.21g/t gold.

“The establishment of a maiden JORC resource at the company’s Mt Ida projects confirms the immediate value of the main prospects at the Quinns and Mt Ida South projects with excellent exploration potential remaining along almost 39 kilometres of the Ballard / Zuleika Shear under
Wild Acre ownership which to date has received only modest exploration drilling,” Wild Acre Metals said in the company’s ASX announcement.

“The Mineral Resource has been estimated within the different Mineral Resource categories, which when based on the estimated ounces are broken down as the Measured Mineral Resource = 10 per cent, Indicated Mineral Resource = 53 per cent and Inferred Mineral Resource = 37 per cent.”