SensOre Ltd. announced results from first pass drilling at its Balagundi Joint Venture project near Kalgoorlie, Western Australia. The program aimed to verify historical workings and results and build a stratigraphic and geochemical fingerprint for a more substantial drill program in 2022. SensOre has developed proprietary AI-enhanced technology designed to advance the way companies integrate, interrogate and analyse geoscience data and increase the potential for mineral discovery.

The Balagundi JV is one of the Company's gold exploration projects in the Yilgarn Craton. SensOre applied its machine learning workflow for lithology classification resulting in a better understanding of the geology of the Balagundi goldfield, using advanced pathfinder analysis and other machine learning tools to build a comprehensive targeting dataset which will be applied in the next phase of drilling to test the predicted mineral system. The Balagundi JV project is located in the gold-rich Norseman-Wiluna belt of the Yilgarn Block in WA, east of Kalgoorlie and the 73Moz KCGM Super Pit and 20km southeast of the 7.8Moz Kanowna Belle mine, both owned and operated by Northern Star Resources.

SensOre and its subsidiary Yilgarn Exploration Ventures Pty Ltd. (SensOre 60% and DGO Gold Limited 40%) (YEV) have interests in several projects in the Kalgoorlie region, including the Maynards Dam farm-in project, the Balagundi and Central Balagundi farm-in projects and Providence Bore. The Balagundi project tenements contain generally north-south striking, steeply dipping porphyritic basalts and folded dolerite intrusions (sills) with sediments and known felsic intrusives. The prospective folded basalt, dolerite sediment sequence extends over +8km strike.

The western half of the project area is dominantly overlain by recent alluvial and colluvial sediments while the eastern section has residual laterite, saprock and bedrock exposures. Historical records show gold production of about 4,000oz gold (120kg) at the Balagundi Mining Centre, mostly produced from Mt Bellew and Balagundi Consolidated Gold Mines, with production generally from narrow, high-grade quartz veins. Gold occurs in an array of steep shear zones and associated shallow dipping tension vein arrays.

Previous gold exploration consisted of surface sampling, prospecting and first-pass drilling, which was mainly focused on the northern portion of the project area. Historical records indicate limited advanced exploration techniques, such as systematic drilling, infill geophysics, litho-geochemistry and detailed structural studies, have been applied to date. Next steps Using results from the first-pass RC drilling, SensOre is planning a larger follow-up drilling program across the Balagundi project area, consisting of air core, RC and diamond drilling of approximately 3,000m.

The Company has secured drill rigs for the program, with drilling expected to commence in second quarter CY22. SensOre executed the Balagundi project farm-in agreements in May 2021. YEV has the potential to earn up to an 80% interest in the Balagundi project, through expenditure of $4 million over four years on the larger farm-in and $1.5 million over four years on the smaller farm-in, as well as contributing annual access payments on both.