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GWR Group Ltd.
Summary
| Project: | Wiluna West | |
|---|---|---|
| Deposit: | Golden Monarch, Emu, Eagle, Joyners Find | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-8-2019: GWR Group Ltd. announces a Resource Estimation report for its Golden Monarch, Emu, Eagle, Joyners Find deposit at the Wiluna West project. Updated mineral resource estimate for project. GWR Group Limited (ASX: GWR) (“GWR” or “the Company”) is p | |
| Resources: | (Resource, Total): 4.167Mt @ 2.2g/t Au for 289Koz Au contained at Wiluna West | |
| CP/QP: | [Resources]: Allen Maynard, Paul Blackney (Al Maynard & Associates Pty Ltd.;Optiro Pty Ltd.) | |
| ABSTRACT: | GWR Group Limited (ASX: GWR) (“GWR” or “the Company”) is pleased to announce an updated Mineral Resource Estimate (MRE) for the Wiluna West Gold project. The combined JORC 2004 and 2012 MRE is now 4.2 million tonnes at 2.2 g/t for 289,000 oz of gold, representing an increase of 34,500 oz on the previous estimate. (refer to June Quarter Activities Report - ASX 30 July 2019). The updated MRE was prepared by resource consultants Optiro on behalf of GWR. The Eagle, Emu and Golden Monarch deposits (Figures, 3, 4 and 5) are updates based upon additional drilling and Joyners Find represents a maiden MRE (refer to ASX announcement 15th January 2019). The updated MRE’s have been reported in accordance with the JORC code (2012 edition) and are summarised in Table 1. As there has been no additional drilling undertaken at the remaining prospect areas, these remain reported in accordance with JORC 2004. GWR confirms there has been no material change to technical assumptions since the JORC 2004 MRE’s were last reported. Appendix 1 provides JORC 2012 Table 1 details. The Wiluna West Gold project is located 40km south west of Blackham Resources (“Blackham”) (ASX:BLK) Wiluna Gold Operation and processing plant. In November 2018, GWR entered into a Binding Heads of Agreement (“HoA”) with BLK for the potential mining and processing of gold deposits from the Wiluna West Gold project (refer to ASX announcement 23rd November 2018). Under the terms of the HOA with BLK, GWR is responsible for developing gold deposits to an Indicated Resource status as defined by the JORC 2012 Code and undertaking sighter metallurgical testwork at which point GWR may introduce a deposit as a Proposed Qualifying Deposit. This updated MRE has been undertaken to advance deposits to this level, in particular the Golden Monarch Deposit. | |
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