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GWR Group Ltd.
Summary
| Project: | Wiluna West | |
|---|---|---|
| Deposit: | Golden Monarch | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-10-2017: GWR Group Ltd. announces an Exploration/Drilling Update report for its Golden Monarch deposit at the Wiluna West project. Amended drilling results includes RC drill hole collars. GWR Group Limited (ASX: GWR) (“GWR” or “the Company”) is pleased | |
| Resources: | (Resource, I+I): 731kt @ 2.4g/t Au at Golden Monarch | |
| CP/QP: | [Overall Report]: Allen Maynard (Al Maynard & Associates Pty Ltd.) | |
| ABSTRACT: | GWR Group Limited (ASX: GWR) (“GWR” or “the Company”) is pleased to re-release the announcement dated 21 September 2017, wherein it noted the receipt of assay results from the recently completed reverse circulation (“RC”) drilling program undertaken at the Golden Monarch deposit located at the Wiluna West Gold Project. 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) As announced on 28th June 2017 (refer ASX announcement “Exploration Ramps up at Wiluna West Gold Project”) the Golden Monarch deposit has been targeted as a near term production opportunity. Previous shallow RC drilling identified a combined Mineral Resource Estimate of 731,000 tonnes at 2.4 g/t Au (JORC 2004, Indicated Resource of 46,000 tonnes at 3.5 g/t Au and Inferred Resource of 685,000 tonnes at 2.3 g/t Au) over a strike length of 1.5k m (refer to Table 3 – Wiluna West Gold Project Gold Resource Estimate). | |
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