- Wiluna Mining Corporation (WMC) confirms high-grade gold in its first hole at Lower East Lode in Western Australia
- The company’s 40,000-metre discovery drilling campaign has been working to test nine large-scale targets for new high-grade sulphide shoots at Wiluna
- High-grade sulphide mineralisation was found in the first of eight holes testing down-plunge extensions to the East and West Lodes
- A further seven holes to test 1000 metres of strike and 700 metres of down-plunge extent on East and West Lodes
- Wiluna Mining last traded at 56.5 cents at 3:15 pm AEST
Wiluna Mining Corporation (WMC) has confirmed high-grade gold in its first hole at Lower East Lode.
The company’s 40,000-metre discovery drilling campaign has been working to test nine large-scale targets for new high-grade sulphide shoots at Wiluna.
High-grade sulphide mineralisation was found in the first of eight holes testing down-plunge extensions to the East and West Lodes.
Results from the East Lode Lower Target included 9.4 metres at 4.87 grams per tonne of gold (g/t), including 6.6 metres at 6.22g/t and 1.8 metres at 9.74 g/t.
Drilling is currently underway at East and West Lode Lower, Bulletin North and Squib.
Executive Chair, Milan Jerkovic, said the intercept confirms the company’s strategy to discover new high-grade sulphide shoots.
“…the Wiluna orebody continues to deliver exciting new discoveries; this new intersection is well below an area that was last mined almost 70 years ago,” said Milan Jerkovic.
“The intersection is close to existing modern access via the Golden Age and Calais zones, so it’s a relatively simple and low-cost exercise to develop across to drill further with the intention to rapidly grow resources and reserves.”
A further seven holes are now being drilled to test 1000 metres of strike and 700 metres of down-plunge extent on East and West Lodes.
“After 125 years of historical mining, the Wiluna orebody continues to deliver exciting new discoveries,” said the executive chair.
Wiluna Mining last traded at 56.5 cents at 3:42pm AEST.