Drilling at the Joyners Find prospect. Source: Western Gold
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Western Gold Resources (WGR) extend its exploration drilling program at its Gold Duke Project, located near Wiluna in WA, in a bid to further explore the prospective site
  • An additional 77 holes for 4637 metres is expected to be drilled across the Wren and Gold King deposits
  • Since the project kicked off in early March, drilling has been completed at the Brilliant, Eagle and Joyners Find deposits, with a total of 75 holes drilled
  • The program is part of the company’s 20,000 metre drilling schedule set down for 2022, with the first assays expected in the coming weeks
  • WGR shares have been trading grey at 13.5 cents

Western Gold Resources (WGR) is set to extend its exploration drilling program at its Gold Duke project, in a bid to further explore the prospective site.

Located west of Wiluna in Western Australia’s mid west region, an additional 77 holes for 4637 metres will be drilled across the Wren and Gold King deposits.

Since the program commenced in early March, drilling has been completed at the Brilliant, Eagle and Joyners Find deposits, with a total of 75 holes drilled for 6414 metres.

With all approvals already in place, as well as an existing rig onsite, the company has decided to extend its drilling program to explore the highly prospective Wren and Gold King prospects.

The program is part of WGR’s 20,000 metre planned drilling project in 2022, and builds on the company’s success during its 2021 exploration program.

The current combined resource estimate for the Gold Duke project measures 4.75 million tonnes at 2 g/t gold, representing 293,000 contained gold ounces.

An upgrade to this estimate is now being prepared by mining consultant Optiro ahead of a scheduled release within the next few months.

Western Gold Resources Managing Director Warren Thorne said the company is excited for the opportunity to extend its drilling program across several prospective targets at its Gold Duke project.

“The additional drilling aims to increase knowledge and resource confidence at Gold King, as well as exploring the Wren prospect,” Mr Thorne said.

“We look forward in updating the market as the assay results are received from the laboratory.”

First assay results from the 2022 program are expected to be released in the coming weeks.

WGR shares were trading grey at 13.5 cents at 11.45am AEST.

WGR by the numbers
More From The Market Online
The Market Online Video

Market Close: The January rule implies a good 2026 ahead. Or is it just a supercycle?

Good Afternoon and welcome to HotCopper’s Market Close for Thursday of Week 3 of the year, I’m Jon Davidson.
Kuala Lumpur skyline

ReNerve jumps as flagship medtech approved in Malaysia, but gains pare in rush hour

ReNerve initially had a strong green run Thursday morning but by rush hour shares had pared…

Listen: HotCopper Wire Podcast 038 – Trump vs. Powell, black gold, and sneakers

On the HotCopper Wire this week, we take a look at Trump vs. Powell, talk about…

Listen: HotCopper Wire Podcast 037 – Not so quiet start to CY26

Welcome to this week’s HotCopper Wire, our market watch podcast! Each week, HotCopper’s senior markets reporter Jonathon Davidson and I take you through the