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GWR Group Ltd.
Summary
| Project: | Wiluna West | |
|---|---|---|
| Deposit: | Golden Monarch | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-10-2017: GWR Group Ltd. announces a Resource Estimation report for its Golden Monarch deposit at the Wiluna West project. Updated Mineral Resource updated to JORC 2012. GWR Group Limited (ASX: GWR) (“GWR” or “the Company”) is pleased to announce that i | |
| Resources: | (Resource, I+I): 747Kt @ 2.2g/t Au for 53.4Koz Au contained at Golden Monarch | |
| CP/QP: | [Resources]: Philip A Jones (Independent) | |
| ABSTRACT: | GWR Group Limited (ASX: GWR) (“GWR” or “the Company”) is pleased to announce that it has completed a JORC Code 2012 Resource estimate update for its Golden Monarch gold deposit at the Wiluna West project (Figure 1). The Resource estimate was undertaken by Consultant Geologist Phil Jones and his full report is provided in Appendix 1 along with JORC 2012 Table 1. The Resource update incorporates the RC drilling undertaken in July 2017 (refer to ASX announcement “Wiluna West Gold Update 6th October 2017”). The Wiluna West Gold Project is located approximately 40 km south west of the Blackham Resources Limited (“Blackham”) (ASX:BLK)) Matilda / Wiluna Gold Operation which includes a gold processing and treatment plant (Figure 2). In January 2017 GWR executed a Memorandum of Understanding (“MoU”) with Blackham for the potential treatment of gold deposits at Wiluna West (refer to ASX announcement; GWR Group and Blackham Resources sign MoU, 31st January 2017). Under the MoU, 31 October 2017 GWR is responsible for drilling deposits to JORC-2012 Indicated category and Blackham has responsibility for conducting a Feasibility Study, and if positive, undertaking mining, transport and processing of gold bearing ore. GWR is now actively engaging with Blackham in respect to mining and milling options as the significant upgrade in Indicated Resources triggers the provisions of the MoU. | |
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