- Westgold Resources (WGX) has been given the revised assays for the high-grade intercepts at the Great Fingall Mine
- In a recent announcement, the gold explorer advised a down-plunge step-out hole intercepted the Great Fingall Reef
- However given the fine specs of visible gold in the core, Westgold resubmitted
- The company have now found this has significantly improved the intercept grades
- Westgold is up a slight 1.30 per cent and shares are trading at $2.34 each
Westgold Resources (WGX) has now received screen fire assays for the high-grade intercepts at Great Fingall which have significantly upgraded the intercepts grades.
In a recent announcement, the gold explorer advised a 1.5 kilometre down-plunge step-out hole from the lowest production levels at the Great Fingall Mine successfully intercepted the Great Fingall Reef.
Results were released in the recent announcement however given the fine specs of visible gold in the core and the resultant assay, the company re-submitted the section for screen fire assaying.
Revised results include: 1.57 metres at 10.10 g/t (previously 7.95g/t) from 1642.18 metres - Great Fingall Reef, 3.1 metres at 34.05 g/t (previously 20.17g/t) from 1439.7 metres - Great Fingall Hangingwall Lodes, and 4.35 metres at 3.27g/t from 1493.22 metres - Great Fingall Hangingwall Lodes.
Westgold claims drilling proves the stratigraphic controls to mineralisation remain in place and higher-than-expected grades have been returned which proves plunge continuity of the Great Fingall Reef.
At the turn of the 19th centrury, the Great Fingall Mine was one of Western Australia's largest and richest mines.
Its recorded production was 1.2 million ounces at a grade of 19.5 grams per tonne of gold before it closed at the start of World War I.
The Golden Crown Mine is approximately 450 metres into the hanging-wall of Great Fingall. It was subject to modern-day shaft access and closed in the mid-1990s after producing 288,000 ounces at a grade of 13.8 grams per tonne of gold.
The latest hole drilled from the hanging-wall also passed through the projected lode position of Golden Crown at an 850-metre vertical depth.
The hole intercepted the quartz lode and assayed 0.6 metres at 2.67g/t from 926.9 metres.
Additionally, the hole intersected an interpreted down-plunge projection of the Smiths United lode.
This mineralisation manifested as a massive sulphide intercept and opened up a new base metals exploration target with a result of 6.3 metres at 3.71 per cent copper, 3.73 per cent zinc and 0.73g/t gold from 479.76 metres.
Westgold is planning further drilling to define the up-plunge areas. The current open pit mining phase at Great Fingall will be completed by April 2020 and it is expected underground mining will follow to target gold ore systems.
Westgold is up a slight 1.30 per cent and shares are trading at $2.34 each at market close.