Wia Gold Limited (ASX: WIA) has obtained further positive results from a further seven step-out reverse circulation (RC) drill holes – KRC086, KRC087, KRC090, and KRC094 to KRC097 – completed at the Kokoseb Gold Deposit, situated on the company’s Damaran Gold Project located in Namibia.
Two of these drill holes, KRC086 and KRC094, have returned exceptional mineralized intercepts below the recently announced initial Kokoseb Mineral Resource Estimate (MRE) (US$1,800/oz pit shells), including respectively 37m at 9.46g/t Au and 32m at 1.73g/t Au.
RC drilling at Kokoseb is progressing, targeting along-strike extensions in the area of the Kokoseb Exploration Target, with the objective of rapidly growing the overall Kokoseb resource.
“Kokoseb, once again, is revealing its outstanding potential. Following the recent announcement of the initial mineral resource estimate of 1.3Moz at 1.0g/t Au (0.5g/t Au cut-off)1, the latest RC drilling results have returned very high-grade, thick mineralized intercepts beneath the existing US$1,800/oz resource pit shells,” Chairman, Andrew Pardey, said.
“Hole KRC086 confirms that high-grade mineralization extends to almost 200m below the existing resource. It is also noteworthy in that it has an unconstrained intercept of 68m at 5.72g/t Au, which includes a series of 1.0m samples at over 10g/t Au, from which one is over 90g/t Au and two are in the order of 50g/t Au. 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.
“A second drill hole, KRC094, located at the Southern Zone, extends by approximately 100m down- plunge from the existing mineral resource estimate shell the mineralized shoot previously interpreted. Both results are expected to have significant positive implications for further updates to the mineral resource estimate. RC drilling also continues in the area of the Kokoseb Exploration Target, testing for deposit extensions along strike from the currently defined mineral resource.”
RC drilling is continuing at Kokoseb along strike from the MRE limits, testing in the area of the Exploration Target with the objective of rapidly growing the existing Kokoseb MRE.
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