Western Yilgarn (ASX: WYX) – New Gold Targets at Gascoyne Project - An Investors Dream Position Play - #SamsoDYOR.
- Noel Ong
- Sep 3
- 6 min read
Announcement
Western Yilgarn Limited (ASX: WYX) has released the results of a high-level geophysical interpretation over its 100%-owned Gascoyne Gold Project in Western Australia (Figure 1). Conducted by Core Geophysics Pty Ltd, the review of airborne magnetic, radiometric, and gravity data has delineated several high-priority structural and geophysical targets within the Dalgaringa Supersuite — the same host rocks as the neighbouring Glenburgh Gold Project (Benz Mining Corp, ASX: BNZ).
Non-Executive Director Pedro Kastellorizos highlighted that the Project offers outstanding potential, being only 8.7km from Glenburgh, which hosts 16.3Mt @ 1.0 g/t Au for 510,100 oz contained gold. With seven new gold target zones now identified, the Company has effectively positioned itself within one of the most prospective gold belts in the Gascoyne Region.
Figure 1: Gascoyne Gold Project Location Map with surrounding Gold Deposits/Occurrences (source: WYX)
Key Highlights - Perfect projects for Investors to Take a Position.
Expanded Portfolio – WYX’s ground position now covers 207km² of highly fertile craton-margin metamorphic belt, directly analogous to Glenburgh.
Multiple Gold Targets – Seven structural/geophysical targets have been delineated, all considered prospective for gold mineralisation.
Proximity to Glenburgh – Just 8.7km from Benz Mining Corp’s Glenburgh Gold Project, which is developing into a significant gold system.
Untested Potential – Extensive structural and magnetic trends across the project remain completely untested by drilling.
Figure 2: Gascoyne Gold Project Location Map with surrounding Gold Deposits/Occurrences (source: WYX)
Core Geophysics Interpretation
Magnetic imagery across the eastern tenements (E09/2986 & E09/2987) revealed distinct east–west and northwest–southeast trends, interpreted as shear zones and intrusive features similar to those controlling gold mineralisation at Glenburgh (Figure 3). Importantly, the review identified structural intersections and shear zones that remain entirely untested, presenting immediate exploration upside.
Gravity data, though coarse, suggests the southern portion of E09/2987 could be highly prospective, aligning with a regional gravity residual trend.
Figure 3: E09/2986 & E09/2987 gravity image with interpreted structures (source: WYX)
Gold Targets Generated
Seven target zones have been mapped, each demonstrating features such as magnetic lows, structural fabrics, potassium anomalies, and analogues to known Glenburgh mineralisation (Figure 4).
GB_01 & GB_03 (E09/2986): Located in the northeast, associated with magnetic lows paralleling structural fabrics within the Dalgaringa Supersuite.
GB_02 (E09/2986): Strong NW-SE magnetic features with potassic response and no prior geochemical sampling.
GB_04–GB_07 (E09/2967): Larger east–west structural zones with discrete potassium responses, quartz veining, and similarities to nearby Gascoyne Resources’ Firebird prospect.
Figure 4: Structural/Magnetic Gold Target Zones (source: WYX)
Western Yilgarn Non-Executive Director Mr Pedro Kastellorizos commented:
“We are extremely pleased to have secured the Gascoyne Gold Project, which offers outstanding potential to delineate gold resources comparable to those of Benz Mining Corp’s Glenburgh mineralised system - now extending over 50 km in strike length. Our tenements share the same host lithologies metamorphic rocks of the Dalgaringa Supersuite as the Glenburgh Gold Project, located immediately to the north”.
“A high-level geophysical interpretation conducted by Core Geophysics has identified multiple new drill targets, including several previously unrecognised by Western Yilgarn. Importantly, extensive structural and magnetic trends have been outlined across the project area all of which remain completely untested by drilling within the Dalgaringa Supersuite.
Next Steps
Western Yilgarn plans to implement a reconnaissance sampling program during 2025, focusing on geochemical evaluation across these new targets. Follow-up work will consider sampling frequency and density to define the most prospective drill-ready anomalies.
Samso Concluding Comments 1
Western Yilgarn is building its case as an investors dream position play by strengthening its footprint in the Gascoyne Region by outlining high-priority gold targets adjacent to a growing mineralised system. The Gascoyne Project shares the same lithological framework as Glenburgh, yet much of the ground remains untested — a combination that naturally attracts investor attention.
All exploration success has historically been linked to structural control and geophysical signatures, both of which are now evident within WYX’s tenements. With seven new targets defined and systematic geochemical programs ahead, the coming months will be critical in confirming the potential of these anomalies.
At Samso, we continue to emphasise the importance of separating signal from noise. True insights lie in understanding the geological context and following the exploration work as it unfolds. For investors, this announcement highlights an early-stage but strategically placed opportunity in Western Australia’s Gascoyne region.
Western Yilgarn’s announcement is a reminder of how the Gascoyne region continues to reveal itself as a fertile gold province. The proximity to Glenburgh is significant, but the real story lies in the structural signatures and magnetic features now identified within WYX’s ground. These are the hallmarks of a system with discovery potential, yet they remain untested.
The identification of the seven priority targets marks the start of a systematic approach that could add real substance to the Company’s gold portfolio. The next phase of geochemical work will be key in determining whether these targets translate into drill-ready prospects and, ultimately, resource definition.
For investors, the early-stage nature of this story means patience will be required. However, the geological setting, combined with proximity to a proven mineralised system, makes this a development worth watching closely. Taking positions in a company such as WYX is crucial from an investors point of view. I have a small position in the company since I first reviewed the story as the value proposition for a prospective small market capitalised story is an opportunity not to be ignored. This is a #SamsoDYOR story.
At Samso, we always remind readers that announcements like this provide a foundation for further research. Investors should take the time to study the geological context, track the upcoming exploration programs, and compare the progress with neighbouring projects.
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