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WIN Metals (ASX:WIN) has updated its mineral resource estimate for the Butcher’s Creek deposit in Western Australia, revising it to 5.23 million tonnes at 1.91 grams per tonne of gold, yielding 321,000 ounces.
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The deposit forms part of the broader Butcher’s Creek gold project in the East Kimberley, and its upgrade reflects WIN’s success in converting an additional 119,000oz at 2.24g/t Au into indicated status – this being an 86% increase in indicated gold resource ounces compared to the 2021 MRE.
Butcher’s Creek now has 258,000oz of gold within the indicated category, while the overall boost to the MRE will provide significant de-risking to the project.
Managing Director and CEO Steve Norregaard said the upgrade would put WIN in a strong position for the development of Butcher’s Creek.
“Our first update of the Butchers Creek Mineral Resource following the successful maiden drill campaign completed late in 2024 has delivered an 86% increase in the indicated resource,” Mr Norregaard said.
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HE continued: “This paves the way for the company to advance development studies while we continue to drill our other high-priority, high-grade targets.”
WIN shares have been trading at 1.4c cents today.
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