Wiluna resource surpasses 8 million ounces

Wiluna resource surpasses 8 million ounces

Republished from businessnews.com.au

 

Wiluna Mining Corporation has posted a bumper resource upgrade with the company’s ongoing drilling campaign having now defined a colossal global resource of more than 8 million ounces of gold. This wealth of mineralisation extends over the entire Wiluna field, from Matilda deposits in the south through to Galaxy in the north. It also hosts a higher-grade core of mineralisation that tips the scales at an impressive 4.24 million ounces, averaging 4.89 g/t gold.

The company’s update comes hot on the heels of a recently tabled set of resources announced at the end of September 2020 and reflects the fervour of activity taking place across the operation as Wiluna secures its mining reserves and launches into its Sulphide Development program. Wiluna has completed more than 30,000m of drilling across the mining area in just the last four months.

Wiluna has modelled its newly tabled resources at various cut-off grades which relate to potential open pit and underground mining scenarios. The low-grade cut-off, at 0.4 g/t gold, offers up a staggering resource of 154 million tonnes at 1.63 g/t, for an immense 8.04 million ounces. These new figures add 700,000 ounces to the September 2020 inventory representing a respectable 9 per cent increase in total contained gold for the project.

However, when the mining centre is modelled at a higher-grade cut-off, at more than 2.5 g/t gold, the high-grade heart of the giant ore system is revealed. This figure tips the scales at 27 million tonnes at 4.89 g/t gold, for 4.24 million ounces, predominantly in the coveted measured and indicated resource category, which reflects the ore that might be mineable in a range of hard-rock and underground mining scenarios across the operation.

This high-grade resource also adds a further 477,000 ounces to the company’s inventory at this level, which equates to a healthy 11 per cent increase in gold content from the June 2020 figure. More importantly, this large resource provides a crucial feed for the company’s sulphide development strategy.

Read the article on BusinessNews.com.au

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