PriceSensitive

Western Gold Resources (ASX:WGR) launches maiden drilling program at Gold Duke, WA

ASX News, Materials
ASX:WGR      MCAP $5.110M
04 November 2022 14:45 (AEDT)

This browser does not support the video element.

Western Gold Resources (WGR) has launched a maiden reverse circulation drilling program at the Gold Duke project in Western Australia.

The program is expected to take two weeks, focusing on the Top Knot and Kingfisher North prospects, with first results due in mid-January.

The Top Knot prospect is situated on the Joyner Find Shear Zone and contains numerous shallow historical shafts hosted within a package of intercalated ultramafic and chert rocks.

The 17-hole drilling program will test co-incident targets previously generated from a SubAudio Magnetics (SAM) survey and soil geochemistry.

Meanwhile, 35 reverse circulation holes will be drilled to test interpreted intrusive and fault splays of the Brilliant and Joyners Shear Zones.

The prospect has had no previous drilling, but the company believes the prospect is highly prospective for both gold and gold copper mineralisation.

The drilling at Kingfisher will be co-funded by a WA Government drilling grant of $118,500.

“We are delighted to have commenced this reverse circulation drilling program at the Gold Duke project,” Managing Director Warren Thorne said.  

“The Kingfisher North prospect is the last truly underexplored area within the project area with three kilometres of both the Brilliant and Shear Zones lying beneath Proterozoic rocks.

“The start of the drilling program is a testament to the hard work by the exploration team over the last few months and sets up WGR for continued success in 2022.”

Western Gold Resources was up 1.25 per cent to trade at 8.1 cents at 2:44 pm AEDT.

Related News