The Halls Creek Project is an early stage gold and base metal exploration project located in the highly prospective and historic gold and base metals mining province of the east Kimberley region of Western Australia.
Covering 651 square kilometres, the Halls Creek project has had very little systematic exploration work to date. A number of high-priority targets and new prospective zones have been identified across the project, including the Lady Helen gold-silver prospect where very high grades were returned from early exploration work.
Prospecting in the 1970-80’s identified significant high grades of between 10 to 60 grams per tonne (g/t) of gold on the project area. The potential of the project is exemplified by Pantoro Resources Limited’s (ASX:PNR) Nichols Find operations in close proximity to Hexagon’s Halls Creek Project.
Similar styles of epithermal to mesothermal gold mineralisation has been located at Lady Helen and Townsite prospects within our tenements, west of Halls Creek.
In December 2019 Hexagon completed a detailed aeromagnetic survey and target generation program. This has identified major regional structures controlling the location of new targets and providing geological context to enable the ranking of pre-existing targets.
Although exploration continues, Hexagon has determined that Halls Creek is a non-core project and the Company intends to commercialise the project through a farm out or spin out as a means of generating value for shareholders.