Join our daily newsletter At The Bell to receive exclusive market insights
- Western Gold Resources (WGR) is progressing a drilling program at the Gold Duke project in WA’s Northern Goldfields region
- So far, 31 holes have been completed at the Joyners Find and Eagle prospects and drilling will also move to the Brilliant deposit
- Early observations have shown broad zones of ultramafics with extensive quartz veining at Joyners Find and mineralisation has been extended down-dip at the Eagle deposit
- Western Gold expects to receive first assays in April and is planning to deliver a mineral resource update in the next few months
- WGR shares have been trading 7.69 per cent higher at 14 cents
Western Gold Resources (WGR) is progressing a drilling program at the Gold Duke project in Western Australia’s Northern Goldfields region.
The reverse circulation (RC) drilling program is part of Western Gold’s broader 20,000-metre drilling effort and builds on the success of its 2021 exploration program.
Since the program began earlier this month, the company has completed 31 holes, totalling over 2600 metres, across the Joyners Find and Eagle prospects.
The RC program is focused on further extending and closing out mineralisation at the Eagle deposit and testing the historical high-grade Brilliant and Joyners Find mines.
Managing Director Warren Thorne said he was pleased to be back drilling at the project to improve the company’s understanding of the mineralisation in the area.
While assays are yet to be received, the company has already made some encouraging observations.
“Geological logging from drilling at Joyners Find has intersected broad zones of talc-chlorite altered ultramafics with extensive quartz veining both below and adjacent to the historic workings’ zones indicating that mineralisation continues below the currently known footprint of the resource,” Mr Thorne said.
“At Eagle, geological logging has visibly confirmed the southerly down-dip extension of mineralisation within hematite-goethite altered banded iron formation units.”
All samples have been dispatched for assaying with results from Joyners Find expected to be received first.
The company said prioritising assays from the Joyners Find prospect will allow it to test its geological model and support follow-up drilling programs in the June quarter.
Assays from the Eagle and Brilliant deposits are expected in early May.
In addition, Western Gold is working on delivering a mineral resource estimate (MRE) update for the Eagle, Emu and Comedy King deposits. The company expects to announce the updated MRE in the first half of the year.
WGR shares were up 7.69 per cent to trade at 14 cents at 2:13 pm AEDT.
