Strike Resources has identified the presence of conglomerate-hosted gold at its Paulsens East tenement in the Pilbara region of Western Australia.
The junior company has historically held mining tenements in the Pilbara for their iron ore potential. Last year, the company undertook a review of the region, seeking to peg tenements prospective for lithium.
Following this review, Strike applied for, and has now been granted, tenements in the north-west Pilbara that has undergone pegging activity for gold potential. Strike said it recently undertook a review of the tenements to determine their gold-bearing prospectivity.
“That initial review had indicated the presence of conglomerate-hosted gold in its Paulsens East tenements and, based upon nearby gold deposits, gold exploration potential in its north-west Pilbara tenements,” the company announced.
The tenement is around seven kilometres east of Northern Star Resources’ Paulsens gold mine, which has produced more than 700,000 ounces.
According to Strike, the nature of the geological setting of the Paulsens East tenement, with an existing gold occurrence hosted within conglomerate rocks, provides the company with an opportunity to conduct further work within the tenement to determine the extent of its gold bearing potential.
“Accordingly, Strike intends to organise a field visit to conduct a rock sampling and geological mapping program within the tenement, as a pre-cursor to a potential drilling program based upon the results of the field visit,” the company stated.