- Westgold Resources (WGX) intersects up to 47.22 g/t gold from the Consols Lode at its Paddy’s Flat mine in Meekatharra, Western Australia
- Parallel lodes were also intersected in the same hole, with results including 5.3 metres at 8.24 g/t gold
- Westgold says throughout FY23, the proportion of Consols ore will increase as virgin levels are further developed and stoping comes online
- Additionally, work to minimise costs and output profiles is continuing, with updates to be made shortly
- Shares in Westgold are trading 4.67 per cent higher at 78.5 cents at 3:01 pm AEDT
Westgold Resources (WGX) has intersected up to 47.22 g/t gold from the Consols Lode at its Paddy’s Flat mine in Meekatharra, Western Australia.
The company said it encountered high-grade spur and channel lode intersections within a broad result of 15.77 metres at 47.22 g/t gold.
Further, parallel lodes were intersected in the same hole, with intersections of 5.2 metres at 3.28 g/t gold and 5.3 metres at 8.24 g/t gold.
Westgold said throughout FY23, the proportion of Consols ore would increase as virgin levels were further developed and stoping came online.
Additionally, work to minimise costs and output profiles is continuing, with updates to be made shortly.
“These spur and channel lodes are difficult to quantify in advance of mining due to the restrictive geometry of the lodes, but significant past production gives us substantial confidence in this bonanza system,” Managing Director Wayne Bramwell said.
“These spectacular drill results have led to development advancing rapidly in this area, with stoping to commence over the coming quarter.
“Increasing the ratio of Consols ore in the Paddy Flat mine output should lift overall mined grade and provides optionality to reconfigure Paddy’s Flat to maximise profitable ounces.”
Paddy’s Flat is a large historical gold field that has produced more than 1.5 million ounces of material, including 832,000 ounces from underground mines and 293,000 ounces from open pits.
Shares in Westgold were trading 4.67 per cent higher at 78.5 cents at 3:01 pm AEDT.