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WIN Metals (ASX:WIN) has confirmed additional shallow, high-grade gold mineralisation and an extension of the known system at the Repeater Prospect at the Radio Gold Project, in another boost for the company’s ambitions to take the “priority target” into near-term development next year.
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These latest high-grade hits from Repeater are a “terrific result for WIN,” the explorer’s managing director, Steve Norregaard, declared, and a strong endorsement for the geological model run at Radio.
“Intersecting such exceptional grades shows we are only just starting to unlock the full potential of this system and understand the endowment.”
WIN had drilled in the same spot before, sharing those results in early November, but the Western Australian-based geological team had then decided that shallow northern drilling had not extended deep enough for proper tests.
This latest campaign had, to rectify that missing data, been drilled 10 metres deeper; it successfully intersected the high-grade Repeater lodes that the company had been looking to link up to, confirming the recently-revised mineralisation model that WIN had shared in that original November update.
This time around, the company raked in several standout high-grade intercepts, including two metres at 30.58 grams per tonne gold from 25 metres.
Other significant shallow intersections at Repeater were one metre at 30g/t from 32 metres, one metre at 15.53g/t from 36 metres, one metre at 11.4g/t from 46 metres, and two metres at 4.88g/t from 33 metres.
Several deeper intersects suggest Repeater may represent an along-strike continuation of the broader Radio system. This interpretation now positions Repeater as a potential contributor to the upcoming resource estimate.
As for next results, the explorer says final assays for Radio are “coming soon.”
WIN will now head into Week 50’s trade selling at 3.8cps.
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