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WIN Metals (ASX:WIN) has today told shareholders it sees an opportunity for Golden Crown to become “a meaningful satellite producer” at its flagship Butchers Creek project after the explorer defined exploration targets.
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Golden Crown’s exploration target has this month been defined as 400 to 700 kilotonnes between 2.4g/t to 3.2g/t Au for 23,000oz to 73,000oz of gold.
This is on top of the current inferred MRE: 400kt at 3.1g/t Au for 38,000oz of gold.
The Golden Creek windfall has certainly put wind in WIN’s sails at Butcher’s Creek, with managing director and CEO Steve Norregaard declaring it was “another important milestone in WIN’s strategy to unlock value [there].”
“With a very targeted, low-cost exploration approach, this supports our vision of becoming the next gold producer in the Kimberley region,” he proudly added.
Mr Norregaard — who said he was “suitably enthused” by the definitions — explained that this potential gold pick-up now sets Golden Crown up as a possible complementing producer to Butcher’s Creek, where WIN already operates.
There are some caveats WIN is still wriggling around, though. The main kicker is that most of the quantity and grade shared by the explorer is still — as explained by WIN in its May 27 market release — “conceptual in nature.”
There has not been enough drilling to estimate a Mineral Resource yet, either.
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That may change by late 2025, though; the Australian explorer is already well into prepping for a 9,000-metre drilling program scheduled to begin in July.
In regards to WIN’s next under-dirt campaign, Mr Norregaard said: “The upcoming drill campaign is designed to test the potential and deliver further value to shareholders through disciplined, high-impact exploration.”
WIN has been selling at 2.1cps through Tuesday after no real price moves.
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