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GWR Group Ltd.
Summary
| Project: | Wiluna West | |
|---|---|---|
| Deposit: | Golden Monarch, Emu, Eagle | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-1-2019: GWR Group Ltd. announces an Exploration/Drilling Update report for its Golden Monarch, Emu, Eagle deposit at the Wiluna West project. Drilling results incl. 8.0m @ 11.1g/t Au from 53.0m. GWR Group Limited (ASX: GWR) (“GWR” or “the Company”) is | |
| Resources: | (Resource, I+I): 747Kt @ 2.2g/t Au for 53.4Koz Au contained at Golden Monarch | |
| CP/QP: | [Overall Report]: Allen Maynard (Independent) | |
| ABSTRACT: | GWR Group Limited (ASX: GWR) (“GWR” or “the Company”) is pleased to announce that it has received the final assay results from the 72 reverse circulation (“RC”) drill holes for 3,918 m recently completed at the Golden Monarch, Emu and Eagle deposits at its Wiluna West Gold Project. The Wiluna West Gold Project contains a combined Mineral Resource estimate of 3.5 million tonnes at 2.3 g/t Au for 254,000 oz (refer to ASX announcement dated 31st October 2017). The project is located 15 January 2019 approximately 40 km south west of the Blackham Resources Limited (“BLK”) (ASX:BLK)) Matilda / Wiluna Gold Operation which includes a gold processing and treatment plant (Figure 1). The gold mineralisation at the Golden Monarch, Eagle and Emu deposits is within the regional Joyners Find shear zone and is hosted within steep westerly dipping banded iron formation units (“BIF”). All of the recent and most of the historical drilling is on an azimuth of 0900 inclined at -600 which is approximately perpendicular to the mineralisation. Recently appointed GWR General Manager Adrian Costello who was appointed because of his extensive gold mining experience said: “The Company is excited by the very solid drilling results achieved at Wiluna West”. “GWR Group is in the process of transitioning from an explorer to a Gold producer and the results of this recent drilling adds more support to GWR’s strategy of moving the Company into production,” Mr Costello said. | |
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