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Western Gold Resources (ASX: $WGR) commences diamond drilling at Gold Duke project

Commencement of Diamond Drilling Program at Gold Duke Gold Project


Western Gold Resources (ASX: $WGR) has initiated a 710m diamond drilling program, consisting of 15 drill holes, at the Gold Duke Project in the north-eastern goldfields of Western Australia. The primary objectives of the drilling are to inform the pit design process and provide samples for detailed metallurgical test work. Additionally, the program aims to test both CIL and Heap Leach amenability, with a scoping study ongoing based on the current Mineral Resource Estimate of 4.57Mt and 2.00g/t gold. The project also holds substantial exploration targets within and around the mine area, which are currently being prioritized for mining approvals.

Executive Commentary on Diamond Drilling Program


The first diamond drilling program by WGR at the Gold Duke project is an exciting development in WGR's goal to advance the project towards mining. The results of this work will support current and future mining studies. With gold prices at record highs, WGR realizes that there is an opportunity to provide significant shareholder value by development of this project.

Summary of Diamond Drilling Commencement at Gold Duke Project


Western Gold Resources (ASX: $WGR) has commenced a 710m diamond drilling program at the Gold Duke Project in Western Australia. The program aims to inform the pit design process, provide samples for detailed metallurgical test work, and test both CIL and Heap Leach amenability. The company's Managing Director, Warren Thorne, expressed enthusiasm for the project's advancement towards mining, highlighting the potential to provide significant shareholder value amidst record high gold prices. The Gold Duke Project holds substantial exploration targets, providing an opportunity for a mine life well beyond the current focus of the ongoing Scoping Study. The company plans to complete the diamond drilling by early May, followed by geotechnical and metallurgical test work in July, and conducting native title surveys over all planned mine designs. Regular market updates on exploration activities and drilling results will be provided by the company.

WESTERN GOLD RESOURCES LIMITED.
WGR | ASX | Materials
0.0340(+0%)
At close 05/07 (AEDT)
Market cap
$5.8M
Volume
0
DY Yield
0
PE Ratio
0
52 Week Range
0 - 0.065
1YR Return
N / A

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