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- Wia Gold (WIA) receives results from a further four diamond holes at the Kokoseb Gold Discovery in Namibia
- A 12-hole diamond drilling program was recently completed with results now received for seven of the holes with the remaining five expected in August
- A best intersection of 5.3 metres at 4.11g/t gold was encountered in hole KDD003
- Reverse circulation drilling is now underway with 20,000 metres planned to test under the diamond holes with results to be used in an upcoming maiden mineral resource estimate
- WIA ends the day 12.4 per cent in the red with shares trading at 7.1 cents
Wia Gold (WIA) has received results from a further four diamond holes at the Kokoseb Gold Discovery in Namibia.
A 12-hole diamond drilling program was recently completed with results now received for seven of the holes with the remaining five expected in August.
Best results came from hole KDD003 which intersected 11.5 metres at 2.50g/t gold from 58.5 metres including 5.3 metres at 4.11g/t gold.
Other results include 14.1 metres at 1.91g/t gold from 45.1 metres including 5.7 metres at 3.53g/t gold, and 16.7 metres at 1.58g/t gold from 62.4 metres.
Together with previously released results, these holes confirm mineralisation over a combined strike length of one kilometre.
A reverse circulation (RC) drilling program is now underway with 20,000 metres planned to test under the diamond holes and undertake first stage infill and extensional drilling.
Further drilling will be undertaken upon the results from this work.
Nine RC holes have been drilled to date with samples currently at the laboratory.
“Results from the drilling at our Kokoseb Gold Discovery continue to impress, with consistent gold mineralisation intersected from near surface to depths of 150 metres. The widths and gold grades returned further reinforce the scale of the discovery at Kokoseb,” Chairman Andrew Pardey said.
“These results are complementary to previously reported high-grade gold intercepts from diamond drilling at Kokoseb and come as a result of systematic exploration that involved extensive soil sampling and trenching to confirm the Kokoseb discovery.
“On the back of these results, we have commenced a reverse circulation drilling program which is expected to feed into a maiden mineral resource estimate in due course.”
WIA has ended the day 12.4 per cent in the red with shares trading at 7.1 cents.
