Total
1
Shares
Commencement of SAM Survey over Brilliant and Joyners Shears zones at the Iron Duke project. Source: Western Gold Resources / LinkedIn
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Western Gold Resources (WGR) updates the market on exploration drilling at the Gold Duke Project in Western Australia
  • Drilling began in late August with 6000 metres of reverse circulation drilling planned across the Emu, Eagle and Comedy King prospects
  • Work is progressing well with roughly 3600 metres completed to date
  • Drilling is continuing and is expected to be completed mid-September with results expected in mid-October
  • Western Gold closed 2.63 per cent in the red with shares trading at 18.5 cents

Western Gold Resources (WGR) has updated the market on exploration drilling at the 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 combined JORC 2012 mineral resource estimate of 4.57 million tonnes at two grams of gold per tonne (g/t) for 293,000 ounces.

Drilling began in late August with 6000 metres of reverse circulation (RC) drilling planned to target vertical to steep-dipping banded iron formation (BIF) units.

Western Gold is also planning on undertaking drilling across the Eagle, Emu and Comedy King prospects.

Drilling is progressing well with 61 RC holes, for 3600 metres, of drilling completed to date.

Drilling is continuing and is expected to be completed in mid-September with results expected in mid-October.

Additionally, a sub-audio magnetics survey has been completed over the Brilliant and Joyners shear zones with interpretation of the data currently underway.

Western Gold ended the day 2.63 per cent in the red with shares trading at 18.5 cents in a $15.46 million market cap.

WGR by the numbers
More From The Market Herald
Monger Gold (ASX:MMG) - Non Executive Chairman, Peretz Schapiro

" High-grade rock chip samples for Monger Gold (ASX:MMG) at Mt Monger South

Monger Gold (ASX:MMG) completes a geological mapping and sampling program across the Mt Monger South gold…
Deep Yellow (ASX:DYL) - Chairman, Chris Salisbury

" Deep Yellow (ASX:DYL) confirms thick high-grade mineralisation at Barking Gecko

Deep Yellow (ASX:DYL) confirms thick and high-grade mineralisation at its Barking Gecko North prospect in Namibia.
MRG Metals (ASX:MRQ) - Non Executive Director, Andrew Van Der Zwan

" MRG Metals (ASX:MRQ) locks in $1.6m placement for Corridor Sands development studies

MRG Metals (ASX:MRQ) successfully completes $1.6 million through a share placement for its Corridor Sands projects…

" Caravel Minerals (ASX:CVV) gets assays from copper deposit

Caravel Minerals (ASX:CVV) has received assays from two drill holes completed at the Bindi copper deposit.