Westgold (ASX: / TSX: WGX)
Provided an update in relation to recent mining activities at the Western Flanks orebody at Beta Hunt.
Sediment hosted coarse gold mineralisation confirmed within Western Flanks
Provides significant production upside potential.
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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 |
Westgold Reports Bonanza Grade Coarse Gold Zones At Western Flanks
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Perth, Western Australia, 11 September 2024: Westgold Resources Limited (ASX: WGX, TSX: WGX, OTCQX: WGXRF) (Westgold or the Company) is pleased to provide an update in relation to recent mining activities at the Western Flanks orebody at Beta Hunt.
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Highlights
Sediment hosted coarse gold mineralisation confirmed within Western Flanks
– providing significant production upside potential.
Mineralisation style is consistent with the bonanza grade “Father’s Day Vein”
– previously mined in the parallel A Zone deposit.
Potential for similar style high grade positions within Beta Hunt – including in
the rapidly evolving Fletcher Zone.
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Westgold Managing Director and CEO Wayne Bramwell commented:
“Coarse gold occurrences at Beta Hunt, such as the famous “Father’s Day Vein” discovered in 2018, have to date been limited to the A Zone deposit.
“The confirmation of this style of mineralisation within the Western Flanks deposit not only provides increased production upside, it also indicates the potential for additional bonanza grade zones within other mineralised structures such as the Fletcher Zone.
“Westgold sees a much larger opportunity at Beta Hunt and across our Southern Goldfields assets, with drilling the catalyst to defining their real scale.”
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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