Westgold Resources (ASX | TSX: WGX)
Provided an update on resource development drilling activities at the Beta Hunt mine at Kambalda, Western Australia.
This includes further results from Westgold’s inaugural drilling program at the Fletcher Zone and details of planned drilling of the potential southern extension of Fletcher (the Mason Zone target).
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Westgold | ASX / TSX: WGX | |
Stage | Production + development | |
Metals | Gold | |
Market cap | A$2.38 Billion @ A$2.52 | |
Location | Western Australia | |
Website | www.westgold.com.au |
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Westgold Beta Hunt Drilling Update – Fletcher Drilling Continues to Impress while Mason Zone Emerges
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Perth, Western Australia, 18 February 2025: Westgold Resources Limited (ASX | TSX: WGX – Westgold or the Company) is pleased to provide an update on resource development drilling activities at the Beta Hunt mine at Kambalda, Western Australia.
This includes further results from Westgold’s inaugural drilling program at the Fletcher Zone and details of planned drilling of the potential southern extension of Fletcher (the Mason Zone target).
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Highlights
BETA HUNT (Fletcher Zone)
■ Additional large, high-grade drilling intervals returned at Fletcher including:
• 41.00m at 7.99 g/t Au and 19.00m at 5.95 g/t Au in hole FF475SP-62AE; and
• 38.00m at 6.80 g/t Au in hole WF440VD-55AE.
■ Five drill rigs operating at Fletcher
■ Maiden Mineral Resource Estimate – to be released to the market late Q4,FY25.
BETA HUNT (Mason Zone)
■ Mason zone target interpreted as the southern fault offset extension of the Fletcher
zone with the combined strike length of the two zones (Mason + Fletcher) now ~4km
• Mason drill programs expected to commence in Q4 FY25
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Westgold Managing Director and CEO Wayne Bramwell commented:
“Westgold is mining two zones at Beta Hunt now – Fletcher will be the third.
“We already have access into Fletcher and once drilled, it will be an additional and independent source of ore production.
“At Mason, it is too early to speculate on its scale and significance. The historical drilling results here are encouraging, with some of the better results including 19.00m @ 10.73g/t Au, 35.35m @ 3.50g/t Au, 38.00m @ 2.87g/t Au and 5.20m @ 20.67g/t Au.
“Our early interpretation is Mason is the faulted offset of the Fletcher Zone, and if so would take the combined strike length to circa 4km.
“Unlocking value at Beta Hunt requires building a robust understanding of the various Beta Hunt orebodies with a long term mine plan focussed on maximising cash flow.
“The next step is to deliver a mineral resource estimate for Fletcher which we expect to announce to the market late in Q4 FY25.”
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To read the full news release please click HERE
.To View Westgold’s 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 Westgold.
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