Wia Gold (WIA) has intercepted high-grade gold from its extended reverse circulation drill program, highlighting “outstanding potential” at its Kokoseb gold deposit in Namibia.
The company intercepted thick high-grade results from two of seven drill holes, including three metres at 5.96 grams per tonne of gold (g/t) from 282 metres, and 37 metres at 9.46 g/t gold from 291 metres.
The company reported the high-grade assays have validated further exploration of the Kokoseb deposit and will have “positive implications” on its future mineral resource estimate.
“Kokoseb, once again, is revealing its outstanding potential,” Wia Executive Chairman Andrew Pardey said.
“Such a coherent zone of very high-grade mineralisation at depth opens a new and exciting chapter for the overall scale and grade potential of Kokoseb.”
Wia has made plans to further explore the Kokseb project along strike in a bid to grow the existing Kokoseb MRE.
WIA was up 27.6 per cent and last traded at 3.7 cents at 11:00 am AEST.