- Western Gold (WGR) receives the final assay results from its reverse circulation (RC) drilling program at its Gold Duke Project in Western Australia
- A total of 53 RC holes were drilled across the Emu and Eagle deposits to test a mineralised banded iron formation
- Best results come from Eagle where up to 48.95 grams of gold per tonne was intersected
- Additional drilling will be undertaken at both deposits to further define high-grade lodes to increase orebody knowledge
- Western Gold ends the day 4.88 per cent in the green with shares trading at 21.5 cents
Western Gold (WGR) has received the final assay results from its reverse circulation (RC) drilling program at its Gold Duke Project.
Gold Duke lies roughly 750 kilometres northeast of Perth in the Northern Goldfields region of Western Australia.
It has a combined JORC 2012 mineral resource estimate of 4.57 million tonnes at 2 grams of gold per tonne (g/t) for 293,000 ounces.
A total of 53 RC holes, for 2316 metres, were drilled across the Emu and Eagle deposits
A total of 32 RC holes, for 1430 metres, were drilled at the Emu deposit to test a mineralised banded iron formation (BIF).
Emu has a JORC 2012 inferred mineral resource estimate of 600,000 tonnes at 2.2g/t gold for 42,000 ounces.
Best results include three metres at 7.26g/t gold from seven metres including one metre at 12.71g/t gold; and six metres at 2.89g/t gold from 39 metres.
Mineralisation remains open to the north and south with the north recently subject to a sub-audio magnetics (SAM) survey.
The remaining 21 RC holes, for 936 metres, were drilled at the Eagle deposit to test a mineralised BIF.
Eagle has a JORC 2012 indicated and inferred mineral resource estimate of 790,000 tonnes at 1.8g/t gold for 45,000 ounces.
Significant results include seven metres at 15.16g/t gold from 48 metres including two metres at 48.95g/t gold; and five metres at 5.53g/t gold from 27 metres including one metre at 24.64g/t gold.
Western Gold is pleased with the results as they show the potential for extensions to the ore body to the north and south.
The results from both Emu and Eagle confirm strong continuity of the mineralisation along strike and at depth.
Additional drilling will be undertaken to further define high-grade lodes to increase orebody knowledge.
Planning is also advancing well for an RC drilling program to test the northern and southern extensions of the Eagle mineralisation.
Managing Director Warren Thorne was pleased with the results intersected.
“It’s great to see strong gold results generated from our first drilling campaign at our Eagle and Emu deposits. The results confirm that our systematic exploration approach is paying dividends,” Mr Thorne commented.
“The continuity of grade within the Eagle and Emu deposits together with the discovery of several higher-grade lodes has the potential to add significant value.”
“The drill results also demonstrate the potential to add significant value through further drilling to the north and south of the Eagle deposit.”
Western Gold has ended the day 4.88 per cent in the green with shares trading at 21.5 cents in a $16.68 million market cap.