- Western Gold Resources (WGR) receives assay results from the reverse circulation (RC) drilling program at its Gold Duke Project in Western Australia
- Drilling was undertaken at the Emu and Eagle deposits, with results received from 19 RC holes drilled at Eagle
- Drilling at Eagle was undertaken to test the banded iron formation-hosted lodes and grades peaked at 23.36g/t gold
- Western Gold is now in the process of planning a mapping program to determine the controls of the mineralisation to the north of Eagle and along untested strike extensions
- Shares in Western Gold are up 6.67 per cent with shares trading at 16 cents
Western Gold Resources (WGR) has received assay results from the reverse circulation (RC) drilling program at its Gold Duke Project.
The Gold Duke Project lies roughly 750 kilometres northeast of Perth in the Northern Goldfields region of Western Australia.
It has a JORC 2012 mineral resource estimate of 4.57 million tonnes at two grams of gold per tonne (g/t) for 293,000 ounces.
Drilling was undertaken at the Emu and Eagle deposits, with results received from 19 RC holes drilled at Eagle.
Drilling at Eagle was undertaken to test the eastern and western banded iron formation (BIF)-hosted lodes.
Best results include 10 metres at 6.97g/t gold from 78 metres including two metres at 23.36g/t gold, and four metres at 6.50g/t gold from 19 metres including one metre at 14.49g/t gold.
These results demonstrate the continuity of the mineralisation at the potential for further extensions to the south.
Western Gold is now in the process of planning a mapping program to determine the controls of the mineralisation to the north of Eagle and along untested strike extensions.
Once all assays have been received, follow-up drilling will be undertaken in Q1 2022.
Managing Director Warren Thorne commented on the results.
“These results give WGR great confidence to expand the current Eagle resource. The current drilling extends mineralisation by 100 metres to the north for the Eastern Lode and approximately 300 metres to the south for the Western Lode,” Mr Thorne said.
“These results could prove transformational for the project and have the ability to significantly increase the resource base. We are excited to receive the next set of assay results that have the potential to further extend mineralisation at Eagle even further to the south.”
Western Gold was up 6.67 per cent on the market, with shares trading at 16 cents at 12:59 pm AEDT.