DESPITE no previous serious exploration on its 1,000 square kilometre territory in the West Musgrave region, West Musgrave Mining has wasted no time in seeking to prove up its holdings.
Since listing in late September last year, the company has been a leader on the ground in terms of regional activity.
It has secured access agreements for its four project areas and is systematically investigating 16 original, predominantly nickel sulphide targets.
Airborne magnetic surveys of “bite-sized” 200 square kilometre pieces are being followed up with soil sampling.
This process has already upgraded one quarter of the company’s targets to high priority.
Mid-year ground and air work will determine locations for late September drilling in these areas.
Within the month a further five targets at Mount Morphett could also move up a rank, on the back of the results from current ground surveying programs.
West Musgrave Mining managing director Don Boyer is repeating claims that the company believes it has the pick of the region’s geology in territory it picked up before Western Mining Corporation made an unsuccessful play for some of the land.
“We haven’t yet seen anything better,” Mr Boyer said.
Nonetheless West Musgrave Mining has not been put off from talking about alliances with other major mining groups.
Indeed, Company sources say it is still being approached by other major companies.
Mr Boyer said the company had seen lots of other opportunities, was progressing a number of discussions and was hoping for resolution on some of those “in the near term”.
One such discussion is certainly looking positive.
Through an agreement with Remington Resources, the company will also commence ground gravity work at Tabletop near Telfer, with a view to drilling base metal targets in the September quarter.
West Musgrave Mining, which listed on an issue price of 20 cents with a free attaching option, is trading on a package basis of around 28.5 cents.
