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WIN Metals (ASX:WIN) has effectively grown the size of its Radio Gold Project (RGP) on Tuesday with the revelation that drill teams hit fresh pockets of gold mineralisation south of the known existing mineralised boundary.
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Part of an RC drill run recently wrapped up, brief pockets grading as high as 10g/t gold from 103m depth were unveiled by assay teams, meaning mineralisation extends to at least 100m depth, in drillholes sunk beyond the existing known mineralised zone.
All cards in order, WIN’s geotechs are hopeful the fresh data points towards one continuous mineralised system on-site, which could, further data willing, allow the company to post a maiden JORC-compliant Mineral Resource Estimate.
“At [the Repeater target which produced] the new 1m @ 10.11g/t Au and 1m @ 2.32g/t Au intercepts, more than 100m below surface and 60m downdip of our earlier 1m @ 14.0g/t Au hit, give us growing confidence in a continuous, high-grade shoot that may underpin a maiden Mineral Resource and meaningful additions to the broader Radio inventory,” WIN Metals CEO Steve Norregard said.
Equally important is the 2m @ 5.21g/t Au returned ~20m in front of the existing 10 Level development face at Radio Main, which shows that high‑grade mineralisation continues directly along strike of the current workings, supporting our belief in the potential to extend the mine footprint to the south as we move into the next phase of planning.”
In the coming weeks, more geodata will be coming back to the company from assay tests, which will be used to update 3D models.
In the background, the Australian company remains focused on a maiden MRE and accessory studies that include an assessment of the feasibility of underground mining and or open pit mining on-site.
WIN last traded at 3.8cps today.
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