SensOre Ltd. announced that Yilgarn Exploration Ventures Pty Ltd. (SensOre 60%; DGO Gold Limited 40%) (YEV) has commenced diamond drilling at Mount Magnet North approximately 20km north of the Mount Magnet Gold Centre in WA's Murchison region. Targets at Mount Magnet North are a series of north-west striking shear zones detailed by shallow air core and RC drilling completed by YEV in late 2020. The central one of these is a 30-40m wide zone with variable quartz veining.

The structure is subvertical on surface and is close to an interpreted contact between a mafic and felsic sediment sequence with sheared felsic porphyries. Mineralisation is hosted within a largely concealed mafic volcanic and sediment greenstone sequence and associated intrusives located on second order structures between the Cuddingwarra and Wattle Creek shear zones, both major mineralisation associated structures in the Murchison province. The sequence is the northern extension of the Archean greenstones hosting the Mount Magnet deposits Hill 50 & Hill 60, and current mining activity by Ramelius Resources to the south and the Cue mining centre to the north.

A follow-up RC program completed in March 2021 intercepted deeper primary gold mineralisation, returning results of 14m at 1.55g/t Au from 122m including 4m at 3.41g/t Au from 122m and 6m at 1.33g/t Au from 130m in 21MCRC020. The diamond hole (200 metres of drilling) is designed to test depth extensions and prove key structural, lithology, alteration and stratigraphic information on mineralisation. Drilling is expected to take 5-6 days to complete and initial assay results are anticipated in April.

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 Mount Magnet target is based on results from the Company's DPT® technology which, in 2020, predicted a large mineral system at shallow depth. From information collected to date, the target appears to share similarities with Ramelius Resources' Eridanus intrusion-related deposit, representing a relatively new type of mineralisation in a mining camp that is more than 100 years old.

Colluvial cover over the target area is generally shallow with an average depth of 3-4m. Geology from the air core and RC drilling completed in November 2020 and the RC drilling completed in March 2021, together with supporting multielement geochemistry, have identified that gold mineralisation at the northern end of the current trend is coincident with an intrusive complex encountered over a strike length of more than 500m. Maximum values encountered in bottom of hole sampling include 472ppm bismuth, 79.2ppm molybdenum and 17.4ppm tellurium.