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Award of Exploration Incentive Scheme (EIS) Co-funding

admin by admin
May 1, 2025
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Award of Exploration Incentive Scheme (EIS) Co-funding
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WIN Metals Ltd (ASX: WIN) (“WIN” or “the Firm”) is happy to announce it has been awarded authorities EIS co-funding for proposed drilling of its Ganymede gold goal situated on to the south-east of the Butchers Creek gold deposit.


Highlights

  • The Firm has been awarded a co-funded drilling grant for Spherical 31 of the Western Australian Authorities’s EIS program for the Ganymede Gold prospect
  • Authorities EIS co-funding will facilitate drill testing of an Induced Polarisation (IP) anomaly of Ganymede situated to the east of the Butchers Creek deposit
  • The appliance highlighted the similarities between the IP signature of the Ganymede Prospect and that of the Butchers Creek gold deposit
  • Drilling is deliberate within the 2025 subject season with PoW and Heritage Surveys full
Ganymede is believed to symbolize a folded repeat and extension to the Butchers Creek gold deposit (Determine 1) and types a part of the broader Butchers Creek Gold Mission situated within the East Kimberley area of Western Australia.

The grant will cowl 50% of the direct drilling prices as much as a most refund of $57,500. An preliminary two (2) diamond drillholes are deliberate to check the Ganymede IP geophysical anomaly beforehand recognized however left undrilled by Meteoric Sources in 20221. Notably Ganymede has an IP signature equal to the Butchers Creek gold deposit. Drilling is deliberate to start this 2025 subject season with assay outcomes scheduled roughly 6 weeks thereafter.

WIN Metals Managing Director and CEO, Mr Steve Norregaard, commented:

“We welcome the monetary assist of the Western Australian authorities through the thirty first spherical of EIS grant funding.

This goal represents a compelling alternative to boost the already vital Butchers Creek gold mission. With out authorities assist this goal could effectively have remained untested.

Success with this is able to doubtlessly be a step change for underpinning the economics of the mission.

This assist will quick observe testing and we stay up for seeing what could also be at Ganymede.”

Background

The Ganymede gold goal is situated to the south-east of the Butchers Creek open pit and Mt Bradley gold mines illustrated in Determine 1. Meteoric’s 2022 IP geophysical survey recognized Ganymede to have the same geophysical signature to the identified Butchers Creek gold deposit. It’s believed the Ganymede goal is a possible fold repeat of the Butchers Creek gold deposit that has but to be drill examined as is illustrated in Determine 2 beneath.


Determine 1: Ganymede location with regards to Butchers Creek and Mt Bradley gold mines


Determine 2: Schematic geology cross part and related IP anomaly of the Butchers Creek gold deposit and Ganymede gold goal

Click on right here for the total ASX Launch

This text contains content material from Win Metals, licensed for the aim of publishing on Investing Information Australia. This text doesn’t represent monetary product recommendation. It’s your duty to carry out correct due diligence earlier than appearing upon any info supplied right here. Please discuss with our full disclaimer right here.



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