27 Jan Wiluna hits more high-grade gold ahead of resource update
Republished from Stockhead.com.au
Special Report: Wiluna’s upcoming resource and reserve updates are looking very positive after its ongoing development drilling returned multiple shallow, high-grade gold results.
Notable results from the recent focus on the Bulletin zone include 13.37m at 7.03 grams per tonne (g/t) gold from a depth of 68m, 11m at 4.04g/t gold from 46m and 6.73m at 5.56g/t gold from 50.27m.
Wiluna Mining’s (ASX:WMX) ongoing drilling at Bulletin is designed to infill areas of inferred resource within preliminary stope designs, with the aim to upgrade geological confidence to the indicated resource category.
Indicated resources provide enough information on geology and grade continuity to support mine planning.
The program is also aimed at extending potential stoping areas along strike, updip and downdip.
This is part of the company’s successful drilling strategy that has defined thick high-grade intervals at shallow levels, close to multiple previously mined zones with available access for rapid low-cost development, demonstrating that the Wiluna orebody is a very large scale and high-grade gold system.
Wiluna expects to further update its resources and ore reserves the first quarter of 2021.
Read the article on Stockhead.com.au
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