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Westgold Resources (ASX: $WGX) extends mineralisation at Bluebird-South Junction project

Westgold Resources (ASX: $WGX) Exploration Update


Westgold Resources Limited (ASX: $WGX) has provided an update on the ongoing exploration and resource development program at the Bluebird - South Junction Project at the Company's Murchison Operation. The company has invested in a major extensional exploration/resource definition drilling project at Meekatharra under the historic South Junction and Bluebird open pits. The recent drilling program is focused on South Junction, aiming to explore the down-plunge extents of the orebodies and investigate mineralisation in the link zone between Bluebird and South Junction.

Executive Commentary on Exploration Update


Westgold's Managing Director and CEO, Wayne Bramwell, stated, 'Westgold's corporate strategy is to expand the scale, productivity, and profitability of our biggest mines. The ongoing drilling program at the Bluebird-South Junction project aims to define the limits of the deeper mineralisation and open a new mining front at South Junction. This expansion aligns with our plan to make our biggest mines bigger, more productive, and deliver increased free cash flow.'

Summary of Exploration Update


Westgold Resources Limited (ASX: $WGX) has reported significant progress in the exploration and resource development program at the Bluebird - South Junction Project. The company's corporate strategy focuses on expanding the scale, productivity, and profitability of its major mines. The ongoing drilling program aims to extend mineralisation at the Bluebird-South Junction project, with the potential to open a new mining front at South Junction. The recent assay results have been promising, and the company looks forward to providing further updates as the exploration program continues. The expansion of the Bluebird-South Junction mine is expected to contribute to increased free cash flow, aligning with Westgold's strategic goals.

WESTGOLD RESOURCES LIMITED.
WGX | ASX | Materials
2.430(+0%)
At close 01/07 (AEDT)
Market cap
$1.2B
Volume
0
DY Yield
0
PE Ratio
17.65
52 Week Range
0 - 2.77
1YR Return
N / A

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