SYDNEY (Yosefardi) – Western Mining Network Limited (WMN) have identified coincident geochemical and geophysical anomalies in one area of Block A at the Persada IUP in Sulawesi, Indonesia.
Overall, the work outlined a geochemical gold anomaly with a related geophysical chargeability/conductivity anomaly, both associated with a zone where diorite intrudes metamorphosed sediments.
WMN continues infill geochemistry for better anomaly definition with the ultimate objective to later conduct a limited core drilling program to test for mineralisation.
WMN holds a master agreement to acquire 75% of the issued shares in PT Persada Bumi Rawas which holds 1 100% interest in the Persada Tenement.