The vast discovery potential within Wiluna Mining’s 1,600km2 of highly prospective tenure is exciting – so far over 70 exploration regional targets have been identified for systematic investigation.
Wiluna Mining’s project tenure encompasses four known large-scale gold systems – each capable of sustaining a sizeable long-life operation – with current resources of 78.4Mt @ 2.19g/t for 5.5Moz(with Wiluna above 0.4g/t cut-off). However, the Company’s regional potential outside the known mining centres is also unquestionably vast.
Wiluna Mining controls an expansive landholding within the prolific Yilgarn Craton gold district, said to host around 30% of the world’s economically demonstrably recoverable reserves (EDR) of gold.
Adding to the potential upside of the opportunity is the fact that the area has been historically under-explored. A lower gold price in the 1990’s coupled with multiple ownership changes in more recent times (including Normandy, Newmont, Agincourt, Oz, MMG and Apex), resulted in very limited exploration outside the four known mining centres.
Wiluna Mining thus has a unique opportunity to exploit its exploration expertise to uncover upside in a region renowned for large-scale discoveries.
To date, the Company has identified over 70 high-potential targets within its regional footprint. The targets have been ranked on geological and economic factors and the highest priority prospects will be the focus of systematic investigation.
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