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Wia Gold (ASX: $WIA) reports further significant drilling results at Kokoseb

Wia Gold (ASX: $WIA) reports significant drilling results at Kokoseb


Wia Gold Limited (ASX: $WIA) has released significant assay results from nine RC drillholes, three diamond drillholes, and six diamond tails completed at its Kokoseb Gold Deposit in Namibia. The drilling, totaling 5,529m, focused on resource growth and classification upgrade, targeting a range of strike and depth extension opportunities across the main zones.

Executive Commentary on Kokoseb Drilling Results


Wia Executive Chairman, Josef El-Raghy, stated, 'Kokoseb continues to deliver further significant drilling results as we target a range of strike and depth extension opportunities across the main zones. Our current drilling focus is also directed towards increasing classification levels of the existing Mineral Resource Estimate (MRE) via further systematic drilling of the shallower mineralisation across these zones. With three rigs in operation at Kokoseb, we look forward to a steady pipeline of drilling results over the remainder of 2024.'

Summary of Kokoseb Drilling Results


The drilling at Kokoseb has confirmed that mineralisation remains open at depth with significant widths and grades, indicating potential for further MRE growth. The company's focus on increasing classification levels of the existing MRE through systematic drilling of shallower mineralisation across the zones reflects its commitment to enhancing the quality of its resource base. With ongoing drilling activities, Wia Gold anticipates a steady flow of results in the coming months, signaling a positive outlook for the remainder of 2024. The Kokoseb Gold Deposit, located in Namibia, presents promising opportunities for resource expansion and classification upgrade, aligning with the company's strategic objectives for growth and development.

WIA GOLD LIMITED
WIA | ASX | Materials
0.09-0.004(-4.26%)
At close 05/07 (AEDT)
Market cap
$105.8M
Volume
2,796,814
DY Yield
0
PE Ratio
0
52 Week Range
0.028 - 0.125
1YR Return
446.117%

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