EXCEPTIONAL GOLD GRADES AT FINGALL FLATS

Westgold Resources Taps into Historic Mining Territory

Westgold Resources Limited (ASX: WGX) has recently shared promising results from their latest drilling operations at the Great Fingall mining site in the Murchison region. The Fingall Flats area, known for its historic, rich quartz reefs, has yielded impressive drill intercepts indicating high-grade gold presence.

Highlight Drill Results from Fingall Flats:

  • Outstanding yield: 3.03m at 547g/t Au from 204.87m in hole 24GFDD022.
  • A significant section of 7.05m at 8.88g/t Au from 114.00m in hole 24GFDD013.
  • Broad intercept of 6.00m at 22.13g/t Au from 43.00m in hole 24GFDD014.
  • Deep mineralisation intercepted with 13.92m at 7.01g/t Au from 125.00m in hole 24GFDD015.
  • Another notable find includes 20.6m at 4.34g/t Au from 59.4m in hole 24GFDD014; and a rich patch of 7.6m at 5.14g/t Au from 5.4m in hole 24GFDD016.

Wayne Bramwell, Managing Director and CEO of Westgold, emphasized the importance of the recent findings:

The Fingall Flats represent an early, shallow mining opportunity that could be executed in parallel to advancing the new Fingall decline to the deeper and virgin parts of the iconic Great Fingall Reef. The 3.03m at 547 g/t Au drill interval is spectacular and these latest results have extended the high-grade flat structures mined by historic operators below their previously interpreted base.

The company is currently designing a drill platform for fine grade control of the Fingall Flats area, with targeted access planned for Q4, FY24 and initial production anticipated in FY25. These developments represent a significant step forward in harnessing the potential of this historically rich gold-bearing region.

Read the full announcement

Goldman

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