- Today, high-quality drilling results are reported from Mount Wandoo, expanding and enhancing mineralization including:
- 6 m at 11.1 g/t Au from 38 m including 1 m at 44.8 g/t Au from 42 m (WBR076)
- 12 m at 5.9 g/t Au from 59 m including 2 m at 32.5 g/t Au from 59 m and 7 m at 1.3 g/t Au from 112 m (WBR077)
- 19 m at 2.9 g/t Au from 36 m including 2 m at 24.4 g/t Au from 36 m and 8 m at 1.4 g/t Au from 99 m including 1 m at 7.6 g/t Au from 105 m (WBR085)
- 18 m at 1.9 g/t Au from 109 m including 8 m @ 3.8 g/t Au from 116 m and 8 m at 1.1 g/t Au from 155 m (WBR084)
- 5 m at 1.6 g/t Au from 12 m (WDR017)
- Silver results are pending
- WBR084 and WBR085 extended mineralization south of the existing mineral resource estimate (MRE). These high-quality interceptions have an open dive.
- WBR076 reinforces the western trend, delivering a very strong result (6m at 11.1 g/t Au) with no gold mineralization recognized in the existing MRE.
- WBR077 expands a high-grade shoot near the center of the Mt Wandoo MRE with potential to add high-grade ounces within the resource model footprint. The WBR077 intercept (12 m at 5.9 g/t Au from 59 m) was 28 m away from the historical intercept of 4 m at 12.7 g/t Au, 5 g/t Ag from 88 m) in MWRC-02.
- WBR042 has discovered a new mineralization zone, with several narrow gold-bearing veins over a depth of 41 meters below and beyond the eastern extent of the MRE, including:
- 2 m at 1.4 g/t Au from 104 m
- 0.8 m at 3.9 g/t Au from 111.5 m
- 3.4 m at 1.1 g/t Au from 133.8 m
- 3 m at 2.5 g/t Au from 142 m
- WDR017 extends the main mineralization trend along the strike to the NW of the MRE.
Mount Wandoo hosts an existing estimated JORC mineral resource1 of 32,400 oz Au and 387,000 oz Ag. GG1 seeks to rapidly expand the resource and conduct mining studies.
Today, gold results are reported for 16 RC holes and 5 diamond tails, representing 2280 RC meters and 352 diamond meters.
The drilling was intended to add ounces to the existing Mt Wandoo resource estimate within the awarded mining leases at the Chillagoe Gold Project as the first step towards mining studies.
A resource update and discussions on toll handling with the idle, modern 600kt gravity/flotation mill at Mungana are planned this quarter and next. The Mungana plant has previously tested Wandoo ore and achieved high gold yields.
Managing Director Quentin Hill commented:
“The high-quality results announced today reinforce the company’s strategy to accelerate the development of Mt Wandoo to exploit high gold and silver prices and grant mining leases. The results show that Mt Wandoo Wandoo is an important high-performance system that will grow as the new intercepts are integrated into the model.
We look forward to updating the model with the new results, and starting to investigate mining, tolls treatment discussions with the nearby Mungana Mill, and planning more drilling to achieve higher grades and further define the discovered extensions”.
The Wandoo goldfield has long been known for its exceptionally high-quality ore, with historical production from the Hardman mine averaging 39 g/t Au of fresh rock. Recent drilling has produced multiple bonanza-quality intercepts within broader mineralized zones at shallow depths, confirming that the Mt Wandoo system hosts the same high-tenor mineralization beyond the historic mine workings.
Click here for the full ASX release
This article contains content from Green & Gold, which is licensed for the purpose of publishing to Investing News Australia. This article does not constitute advice on financial products. It is your responsibility to conduct appropriate due diligence before acting on the information provided here. View our full disclaimer here.
#Highquality #drill #results #extend #gold #mineralization #Mount #Wandoo