Westgold Resources (ASX / TSX: WGX)
Announce the commencement of mining of the South Junction Lode within the Bluebird-South Junction mining complex at Meekatharra.
Ramp up targets a 100kt per month run rate for the Bluebird-South Junction mine by Q3 FY25.
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| Westgold | ASX / TSX: WGX |
| Stage | Production + development |
| Metals | Gold |
| Market cap | A$2.735 Billion @ A$2.90 |
| Location | Western Australia |
| Website | www.westgold.com.au |
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Westgold Commences Mining at South Junction
14.93m @ 15.95g/t Au in drill hole 24SJDD029
Perth, Western Australia, 5 September 2024: Westgold Resources Limited (ASX: WGX, TSX: WGX, OTCQX: WGXRF) (Westgold or the Company) is pleased to announce the
commencement of mining of the South Junction Lode within the Bluebird-South Junction mining complex at Meekatharra.
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Highlights
Mining of the South Junction Lode has commenced – ramp up targets a 100kt
per month run rate for the Bluebird-South Junction mine by Q3 FY25.
Drilling across South Junction continues to extend the system – with further
recent significant intersections including:
14.93m @ 15.95g/t Au in hole 24SJDD029
6.83m @ 15.31g/t Au in hole 24SJDD027
13.00m @ 3.65g/t Au in hole 24SJDD032
11.42m @ 4.92g/t Au in hole 24SJDD029
8.95m @ 4.01g/t Au in hole 24SJDD026
South Junction Resource Definition drilling program continues – with 2 surface
rigs targeting deeper extensions of the South Junction and Polar Star Lodes around
800m below surface.
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Westgold Managing Director and CEO Wayne Bramwell commented:
“Drilling continues to unlock value and point to the potential scale of the Bluebird-South Junction mining complex at Meekatharra.
“The commencement of mining on the South Junction Lode is a company milestone, achieved in short order by a focussed team.
“This lode is one of many mineralised lodes being tested across the Bluebird-South Junction mining complex, with the Polar Star Lode the next target to being evaluated.
“Westgold can now contemplate a significantly larger, multi-decline mining complex emerging on the doorstep of our 1.6-1.8M tpa processing plant.
“Each new mining front we define can increase mine output, with the continued expansion of Bluebird-South Junction providing new opportunities to reduce haulage and optimise processing infrastructure across our Murchison business”.
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To read the full news release 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 Westgold.
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