Firebird Gold Project

The Firebird Gold Project is located within the Youanmi Greenstone Belt, and 2.5km west of Western Gold’s Gold Duke Project.

The Firebird Gold Project comprises of 100% owned GTE ground and the adjacent Joyner’s Project JV, a joint venture held by Jindalee Resources (ASX: JRL) where Great Western can earn 80%.

Soil sampling completed prior to Great Western’s project interest defined a large zone of gold anomalism measuring 2.1km x 350m wide (GTE ASX Announcement 23 August 2021). However, Ultrafine+ soil sampling has extended the gold anomalism at the Project, with broad gold anomalous zones of 3.7km x 450m wide defined (GTE ASX Announcement 12 January 2023), indicative of a large zone of mineralisation previously untested.

Importantly, the anomalism follows a north-west trend, consistent with government geological mapping of the Youanmi Greenstone Terrain and the Company interprets that mineralisation is potentially preferentially hosted by a unit/s within this greenstone sequence (GTE ASX Announcement 7 February 2023). Interpretation of magnetic and gravity data found gold anomalism aligned with discrete magnetic trends, potentially indicative of an individual volcanic rocks unit within the greenstone package. Significantly this unit may be preferentially gold mineralised, with a higher tenor zone within the broad anomalism aligning well with this subtle elevated zone of magnetism, as shown below:

The Company interprets the anomalism to be coincident with the subtle magnetic trends and this will significantly enhance exploration targeting and potentially fast track a new gold discovery.

Great Western has prioritised drill testing for this compelling project, with drill dates to be advised.