HMG - Hamelin Gold

Hamelin Gold Limited is an Australian unlisted public company, incorporated on 24 May 2021 as "Hamelin Gold Limited" by its parent company, Encounter Resources Limited.

Following a strategic review by Encounter of its assets, Encounter decided to demerge the tenements and assets that comprise the West Tanami Project in Western Australia.

West Tanami is a belt scale gold project covering 2,277km2 of a well-endowed, emerging gold province that remains significantly underexplored.

The tenement package represents one of the largest contiguous land holdings in the Granites Tanami Orogen containing the prospective Stubbins Formation, the time equivalent geological package that hosts Newmont's +14Moz Callie gold deposit across the border in the Northern Territory.

Hamelin Gold holds the West Tanami Project via its 100% ownership of Hamelin Resources Pty Ltd.

It is anticipated that HMG will list on the ASX during November 2021.

HMG listed on the ASX today. Has been just under the 20c all day; opened at 19c and is now 18.5c

Hamelin Gold (ASX:HMG) has reported results from recent soil sampling at the Ularring gold project in Western Australia’s Eastern Goldfields.Managing Director Peter Bewick said the program identified a discrete gold anomaly and a clear drill target along the underexplored Ida Fault Zone.

and from the Quarterly

Tanami Province
▪ First pass, aircore drilling of the Jazz Ultrafine® geochemical anomaly has identified a new zone of gold mineralisation. Follow-up RC drilling is planned for 2025
▪ EIS co-funded RC drilling is planned for May 2025 to test for extensions to widespread bedrock gold mineralisation intersected at Fremlins South
▪ Regional soil geochemical surveys completed with aircore drilling planned at Newkirk and Far SW

Yilgarn Province
▪ Orientation trials of the UFF analytical technology have defined strong gold anomalism at the Anderson project, indicating a bedrock gold source
▪ Tenement application lodged covering ~200km2 over the southwest extensions of the Comet and Tuckabianna gold trends near Cue – named the Venus project

Corporate
▪ Cash reserves of ~$3.3 million at 31 December 2024

since listing

newsflow

Extensive Gold Geochemical Anomaly at Anderson
- A second phase of surface soil sampling and analysis via the Ultrafine® analytical technology has outlined an extensive gold anomaly at Anderson
- Results confirm a 3 kilometre long, north-east trending corridor of gold anomalism interpreted to be reflective of bedrock gold mineralisation
- Limited aircore drilling within the corridor intersected gold mineralisation

newsflow


Highlights:
- 2,000 metre RC drill program has commenced at the Ularring gold project located ~18km south of the Riverina Gold Mine owned by Ora Banda Mining (ASX: OBM) within the Yilgarn district of WA
- Drilling will test for bedrock gold mineralisation beneath a 500 metre long, untested gold anomaly generated utilising the CSIRO developed, Ultrafine® analytical technique
- A single sample from a sub-cropping quartz vein, proximal to the Ularring gold anomaly, returned an assay of 7.9 g/t gold
- First assay results from the Ularring RC drill program are expected in May 2025