Elemental acquired a A$6-20/oz royalty on the Western Queen gold project in Feb 2021.
The Western Queen gold project lies 110km NW of Mt Magnet within the Yalgoo mineral field of Western Australia, located within a 110km radius of three operating gold processing mills. Elemental's interest is a A$6-20/oz royalty over the 9.8km2 Western Queen Central Mine and associated prospects held by Rumble Resources Ltd in Western Australia.
The project project lies within the elongate north-south trending Warda Warra mineralised greenstone belt which is 35km in length and up to 3km wide. The greenstone belt hosts the mineralised Western Queen Shear Zone which is up to 50m in width and hosts a series of high-grade gold structures including two mined deposits for a combined historic production of 880,000t @ 7.6 g/t Au for 215,000oz.
Current drilling is targeting multiple near-surface plunging high-grade gold shoots along the Western Queen Shear zone.
For more information on Western Queen, please visit http://www.rumbleresources.com.au/