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

Completion of Diamond Drilling Program at Gold Duke Gold Project


Western Gold Resources (ASX: $WGR) has successfully completed a diamond drilling program at its 100% owned Gold Duke Gold Project in the north-eastern goldfields of Western Australia. The program involved 15 HQ3 diamond holes designed to provide representative intervals of Au mineralisation across the Eagle, Emu, Gold King, and Golden Monarch deposits. The test work will deliver further geo-metallurgical information to be applied in upcoming scoping studies to advance the company towards gold production and provide optionality in relation to processing and treating the ore.

Executive Commentary on Gold Duke Project Progress


The completion of 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. These holes have provided us with geological, mineralisation and structural information which will assist with future studies. With gold prices at record highs, WGR realises that there is an opportunity to provide significant shareholder value by development of this project.

Summary of Gold Duke Project Diamond Drilling and Future Plans


Western Gold Resources (ASX: $WGR) has successfully completed a diamond drilling program at its Gold Duke Gold Project, focusing on the Eagle, Emu, Gold King, and Golden Monarch deposits. The company is expediting work required to finalize its Scoping Study, aiming to assess the maximum financial return of producing gold through various processing methods. The completion of the drilling program marks a significant step towards advancing the project towards mining, with the company aiming to provide significant shareholder value by capitalizing on the sustained strength in the gold price. WGR plans to undertake geotechnical and metallurgical test work, native title surveys, and an RC drill program to sterilize the location of planned waste dumps and key infrastructure. The company will continue to provide regular market updates on exploration activities and drilling results as they become available.

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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