- Wia Gold (WIA) says initial diamond drill results confirm the “outstanding opportunity” of the Kokoseb area in Namibia
- The company saw results of 5.91 g/t gold over 5.2 metres and broader intervals of 27 metres grading 1.67 g/t gold
- Trench results have also been received which intersected in situ mineralisation and have extended the Kokoseb gold-in-soil anomaly a further 900 metres
- Wia Gold now plans to undertake a 20,000-metre drilling program, with the first drill rig to mobilise later this month
- WIA shares are up 4.69 per cent to trade at 6.7 cents per share on market close
Wia Gold (WIA) has received results from the first three diamond holes of a 12-hole drilling program at the Kokoseb area in Namibia.
The company said KDD001, KDD002 and KDD008 have returned high-grade intercepts that confirm the outstanding opportunity of the Kokoseb anomaly.
Assays include 17.4 metres at 2.7 grams per tonne (g/t) gold from 49 metres including 5.2m at 5.91 g/t gold in KDD001, 4.8 metres at 4.38 g/t gold from 110.9 metres in KDD002, and 27 metres at 1.67 g/t gold from 36.5 metres including 8.5 metres at 2.44 g/t gold in KDD008.
In addition to the drill results, the company received assays from trench samples over Kokoseb which intersected in situ mineralisation.
Significant intercepts from the last trenches include 10 metres at 0.96 g/t gold, six metres at 1.06 g/t gold, 13 metres at 1.07 g/t gold, and 27 metres at 1.19 g/t gold.
These assays, which are spread across the Kokoseb anomaly, confirm the scale at the Kokoseb gold discovery and have extended the gold-in-soil anomaly a further 900 metres on the eastern flank.
Chairman Andrew Pardey said the company is “delighted with these results” from diamond drilling which has defined a significant new gold discovery in Namibia and demonstrate the large-scale opportunity at Kokoseb.
“Not only does Kokoseb have scale, as shown by the most recent soil sampling results and by the in-situ mineralisation intersected in trenches, it also hosts high-grade mineralisation, with all three diamond drill holes returning high-grade gold intercepts,” Mr Pardey said.
Wia Gold now plans to undertake a 20,000-metre reverse circulation drilling program, with the first drill rig to mobilise later this month.
WIA shares were up 4.69 per cent to trade at 6.7 cents per share on market close.