Premier1 fires up discovery drilling in prime WA gold real estate

The West Australian02-18

Premier1 has kicked off drilling at its Mt Kersey gold prospect, one of the few remaining gold targets in the prolific West Australian Yalgoo greenstone belt that have been barely touched.The company ...

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The company says past work, which was often limited to only 50m depth, either missed the core targets or focused elsewhere, leaving the main hydrothermal footprint largely untouched.The program benefits from a smart non-dilutive co-contribution of up to $180,000 from the WA government, plus a $176,000 credit with contractor Strike Drilling.The rig should finish up in roughly two weeks, with assay results expected at the end of the quarter.Getting the rig on the ground at Mt Kersey is a significant milestone for the Company, especially following our recent 100% acquisition of the Yalgoo Gold Project. We now have full exposure to the discovery potential at Mt Kersey and at several other targets across the Project, which lie within what is an emerging large-scale mineralised hub. Premier1 executive director Simon PhillipsYalgoo sits in the Yalgoo-Singleton greenstone belt, sandwiched between major producers Ramelius Resources to the north and Capricorn Metals to the south.The belt is recognised for high-grade orogenic gold and base metals potential, lying along strike from the long-running Golden Grove metals operation and newer discoveries such as Capricorn’s Golden Range gold-antimony project and the ultra-high-grade Deflector mine.Premier1’s Wadgingarra prospect anchors the Yalgoo holding, hosting a 13,000-ounce near-surface resource that remains open along strike and at depth.Despite limited modern drilling, with historical holes averaging just 46m and focused on oxide zones near old workings, early 2025 reverse circulation work delivered strong results, including bonanza hits up to 3m at 31.5g/t gold at Crescent and 10m at 3.1g/t gold at Carlisle – two eastern flank prospects.The company also holds the Abbotts North gold project further east in the Meekatharra-Murchison greenstone belt, 35km north of Meekatharra and 20km from New Murchison Gold’s high-grade Crown Prince deposit. Its Rochefort prospect stands out there, with a 350m-by-350m gold anomaly over dolerite. Heritage clearances are advancing for planned aircore and ultrafine soil programs later this year.Premier1’s ground is now set up for renewed momentum after a recent $650,000 raise, which will accompany its drilling credits and fuel 2026’s work programs.With shallow high-grade at Wadgingarra, walk-up drilling at Mt Kersey and processing options nearby, Premier1’s Yalgoo focus looks to be gaining traction.As big players construct domains north and south of both projects, the company’s growing resources might soon bring more lustre to the area’s standing.For the moment, the roughly $10 million market-capped explorer is staring down a fresh round of drilling and the very real prospect of a discovery before the first quarter is out.Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2612244497","isCrawlerRequest":true}