Western Gold Grade Control Supports Mine Decision
Western Gold Resources (ASX: WGR)
Reported that assay results from a further 28 RC drillholes across the Eagle South and Gold King deposits within the Gold Duke Project continue to deliver strong and consistent gold intersections, confirming the continuity of mineralisation within and beyond the Stage 1 pit designs.
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Credits – Western Gold Resources
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| Western Gold Resources | ASX: WGR | |
| Stage | Development | |
| Metals | Gold | |
| Market cap | A$43 Million @ A$16.7 cents | |
| Location | Western Australia | |
| Website | www.westerngoldresources.com.au |
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WESTERN GOLD GRADE CONTROL RESULTS PROVIDE STRONG
SUPPORT FOR PENDING DECISION TO MINE AT GOLD DUKE
Western Gold Resources Limited (ASX: WGR) (“WGR” or “the Company”) is pleased to report that assay results from a further 28 Reverse Circulation (RC) drillholes across the Eagle South and Gold King deposits within the Gold Duke Project located 35km southwest of Wiluna, in the Goldfields region of Western Australia continue to deliver strong and consistent gold intersections, confirming the continuity of mineralisation within and beyond the Stage 1 pit designs.
These early results reinforce the robustness of the geological model and suggest potential pit extensions and resource growth opportunities within the broader Gold Duke corridor.
With all 35,300 metres of drilling for Stage 1 now complete, the Company is advancing toward the resource model update that will underpin the Decision to Mine process.
Highlights:
• Early results from the 35,300 m grade control and infill drilling confirm the Gold Duke model’s accuracy, with early Eagle South and Gold King assays closely matching Scoping Study1 grades and validating mineralisation continuity along strike and at depth.
• Grade control drilling results reported to date have delivered high-grade, continuous intersections consistent with modelled expectations, with better intercepts including:
Eagle South:
• 10 m @ 3.78 g/t Au from 30 m (EG00069)
• 9 m @ 3.75 g/t Au from 17 m (EG00070)
• 8 m @ 3.06 g/t Au from 18 m (EG00059)
Gold King:
• 9 m @ 1.57 g/t Au from 12 m (GK00181)
• 7 m @ 2.06 g/t Au from 18 m (EM00162)
• 5 m @ 3.99 g/t Au from 40 m (EM00070)
• The tight 5 m × 10 m drilling pattern has verified orebody continuity and grade consistency, reinforcing confidence in production, design, and cash-flow forecasts—supporting projected undiscounted pre-tax cash surpluses of A$56M (A$4,500/oz) to A$97M (A$5,500/oz)1.
• All samples were analysed by ISO-certified labs (Nagrom and Jenning) using 50 g Fire Assay with full QA/QC.
Statistical review confirmed no bias or drift, ensuring JORC-compliant accuracy and repeatability.
• Strong correlation between new grade control and historical drilling validates geological models and pit designs, de-risking the Decision to Mine pathway and confirming continuous, mineable Stage 1 mineralisation.
• Results received for a further 28 of 1,107 holes demonstrate excellent grade continuity, with assays from the remaining ~32,550 m (~1,020 holes) to be progressively incorporated into the Resource Model Update.
• Backed by a fully funded development plan, low pre-mining capital requirements (~A$2.6–2.8 M), and a rapid payback period (3 months), Western Gold Resources is now poised to commence mining with strong geological confidence, proven technical validation, and outstanding leverage to record Australian gold prices, further strengthening the upcoming Decision to Mine process.
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Managing Director Cullum Winn commented:
“These results from the Gold Duke grade control drilling program mark a major technical milestone for Western Gold Resources.
“The strong correlation between new assays and our Scoping Study model confirms the robustness of the orebody and underpins the integrity of our mine design and financial forecasts.
“With a fully funded development plan, low start-up capital, and rapid payback, we are exceptionally well positioned to move into production at a time of record Australian gold prices—further strengthening the upcoming Decision to Mine process.”
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To read the full news release please click HERE
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.To View Western Gold Resources’ historical news, please click here
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The live gold price can be found HERE
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Disclosure
At the time of writing the author holds shares in Western Gold Resources.
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