Albion Resources Says Survey, Soil Geochemistry at Western Australia Gold Project Defines Structural Corridor; Shares Up 4%

MT Newswires Live10-13

Albion Resources (ASX:ALB) said a gravity survey and the interpretation of soil geochemistry at the Yandal West gold project, located in Western Australia, defined a structural corridor and multiple felsic intrusives, a host-rock-type associated with other major gold deposits, according to a Monday Australian bourse filing.

The integration of historical and new soil-geochemistry datasets showed a strong association between gold, tungsten, and bismuth. The integrated dataset defines eight key targets across the May Queen area.

A gradient array induced polarization survey is in progress to map sulfide-rich zones and refine additional targets for reverse circulation drilling.

Its shares rose 4% in recent trading on Monday.

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