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Wiluna Mining Corporation (ASX:WMC) - Executive Chairman, Milan Jerkovic
Executive Chairman, Milan Jerkovic
Source: Wiluna Mining Corporation
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  • Wiluna Mining (WMC) intersects up to 773g/t gold from the Wiluna Mining Centre in Western Australia
  • Resource development drilling was undertaken at the Happy Jack and East Lode zones to upgrade the geological confidence to indicated or measured
  • This forms part of the company’s 100,000-metre drilling program that is aiming to build a 2.05-million-ounce resource to enhance mine planning
  • Grades peaked at 773g/t gold from Happy Jack and 11.07g/t gold from East Lode
  • Shares in Wiluna are up 2.12 per cent and are trading at 96.5 cents at 12:55 pm AEST

Wiluna Mining (WMC) has intersected up to 773 grams of gold per tonne (g/t) from the Wiluna Mining Centre in Western Australia.

Resource development drilling was recently undertaken at the Happy Jack and East Lode zones to upgrade the geological confidence to indicated or measured.

Results have been received for an additional 34 holes, for 8812 metres, which forms part of Wiluna’s 100,000-metre reverse circulation and diamond drilling program.

Overall, drilling is aiming to build a 2.05-million-ounce measured and indicated resource to enhance mine planning and long-term option studies.

The measured and indicated resource for Wiluna already reads 2.14 million ounces at 5.26g/t gold.

Drilling at Happy Jack is aimed at infilling the inferred resource areas and upgrading geological confidence to indicated or measured categories.

Best results include 1.99 metres at 298.80g/t gold including 0.76 metres at 773g/t gold; and 6.82 metres at 9.37g/t gold including 0.69 metres at 81g/t gold.

This drilling confirmed the high-grade mineralised shear zone extends below the inferred and indicated resource limits.

Drilling then moved to the East Lode area to infill and upgrade the resource confidence and upgrade geological confidence.

Better results include 13.40 metres at 4.26g/t gold including 0.73 metres at 11.07g/t gold; and 14.9 metres at 8.6g/t gold.

East Lode remains open at depth with extensions representing a key target for future resource growth.

Shares in Wiluna were up 2.12 per cent and were trading at 96.5 cents at 12:55 pm AEST.

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