107% increase in South Junction Ore Reserve to 7.2Mt at 2.5g/t Au for 573koz.
PERTH, Australia, Dec. 4, 2024 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (OTCQX: WGXRF) (Westgold or the Company) is pleased to report a 107% increase in the Ore Reserve to 7.2Mtpa at 2.5g/t for 573koz at its Bluebird - South Junction mine near Meekatharra, Western Australia.
Highlights
Bluebird – South Junction Ore Reserve doubles to 7.2Mt at 2.5g/t Au for 573koz
107% increase (+296koz) from the August 2024 Ore Reserve - post mining depletion, demonstrates value enhancement from drilling. Ore Reserve underwritten by updated Mineral Resource Estimate (MRE) of 15Mt at 2.9g/t Au for 1.4Moz - featuring a Measured and Indicated component of 8.7Mt at 2.9g/t Au for 814koz Au (refer ASX release: "Bluebird - South Junction Mineral Resource Grows to 1.4Moz").Drilling programmes to be expanded across Bluebird-South Junction mining complex
Surface and underground drill rigs focussed on infill and extension of the Bluebird – South Junction Mineral Resource. This system remains open at depth, along strike and down plunge. New drill targets within 2km of Bluebird mill now being sequenced - including Great Northern Highway (0.4km), Romsey (1.5km) and Ironbark (2.0km).Mining studies focussed on maximising orebody extraction underway
Widths of +20m at South Junction enables Westgold to move to a highly productive, high tonnage transverse stoping method – the benefits of which will see production lift during H2 FY25.The information provided here is not subject to any editorial processing. It is prepared fully automatically and enriched with additional information and further research options. The aim of the content is to provide information seekers with the relevant information quickly and easily. A link back to the information provider and owner ensures that the data prepared here can be compared with the source information if required. The newsboard does not show information in real time. Please contact the exchange operator for this information if required. There is no claim to completeness. High availability cannot be guaranteed. If you notice any errors in the functionality, please let us know using the "Report a Bug" form below.
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