27 Oct Wiluna’s outstanding gold hit is proof this giant is wide awake
Republished from stockhead.com.au
Wiluna Mining’s (ASX:WMX) recent drilling has clearly highlighted that its namesake project is a very large and high-grade gold system with exceptional hits such as 37.52m at 10.77 grams per tonne (g/t) gold.
And while that is certainly the best result in the latest batch of drilling results, it is certainly not alone with intercepts such as 12m at 8.14 grams per tonne (g/t) gold and 5.76m at 5.26g/t gold providing further support.
Executive chairman Milan Jerkovic says the exceptional high-grade gold hits are noteworthy as they will underpin the company’s update ore reserves estimate that is due to be published in January 2021.
“The company is targeting high-grade zones, because every 1g/t increase in the grade should result in an additional 25,000oz per annum of production in Stage 1 and 50,000oz per annum in Stage 2,” he added.
“Indeed, the continued focus of our aggressive drilling campaign is to deliver rapid growth in high-grade resources and reserves through infill drilling of the existing large gold resource, and to discover new zones ‘under the headframe’.
“Very encouragingly, drilling continues to confirm that Wiluna is a very large, very high-grade gold system.”
Read the article on stockhead.com.au
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