Join our daily newsletter At The Bell to receive exclusive market insights
Westar Resources Ltd (ASX:WSR) has found gold grading 40.2 grams per tonne (g/t) and silver grading 280g/t – representing more than an ounce of gold and nine ounces of silver – through field mapping and sampling at its Mindoolah Mining Centre in Western Australia.
Other assays taken from rock chips during the program included 31.7g/t, 26.8g/t, and 24.7g/t of gold.
Westar has also been able to pin down drill targets in previously unassessed areas through the fieldwork, while systematic field mapping has boosted geological understanding of the area, adding strength to plans for future drilling.
Westar executive director and CEO Jason Boladeras said the results were promising and added to expectations for the project – located 70 kilometres from Cue.
“It is exciting to see high gold grades returned from new areas at the Mindoolah Mining Centre, which has created even more walk-up drill targets,” he said.
“Also, the systematic mapping program has provided the information we needed to help drill planning.
“Our new Exploration Manager Steve Sheppard started last week and is already ‘in the driver’s seat’ as we advance drill program approvals: we look forward to announcing when key approval timelines are known so that we can start drilling.”
Westar has been trading at one cent.
Join the discussion: See what HotCopper users are saying about Westar and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
