- Western Gold Resources (WGR) updates the market on exploration drilling at the Gold Duke Project in Western Australia
- Drilling began in late August with 6000 metres of reverse circulation drilling planned across the Emu, Eagle and Comedy King prospects
- Work is progressing well with roughly 3600 metres completed to date
- Drilling is continuing and is expected to be completed mid-September with results expected in mid-October
- Western Gold closed 2.63 per cent in the red with shares trading at 18.5 cents
Western Gold Resources (WGR) has updated the market on exploration drilling at the Gold Duke Project.
The Gold Duke Project lies roughly 750 kilometres northeast of Perth in the Northern Goldfields region of Western Australia.
It has a combined JORC 2012 mineral resource estimate of 4.57 million tonnes at two grams of gold per tonne (g/t) for 293,000 ounces.
Drilling began in late August with 6000 metres of reverse circulation (RC) drilling planned to target vertical to steep-dipping banded iron formation (BIF) units.
Western Gold is also planning on undertaking drilling across the Eagle, Emu and Comedy King prospects.
Drilling is progressing well with 61 RC holes, for 3600 metres, of drilling completed to date.
Drilling is continuing and is expected to be completed in mid-September with results expected in mid-October.
Additionally, a sub-audio magnetics survey has been completed over the Brilliant and Joyners shear zones with interpretation of the data currently underway.
Western Gold ended the day 2.63 per cent in the red with shares trading at 18.5 cents in a $15.46 million market cap.