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WPG Resources Ltd.
Summary
| Project: | Challenger | |
|---|---|---|
| Deposit: | Challenger | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 1-6-2017: WPG Resources Ltd. announces a Resource Estimation report for its Challenger deposit at the Challenger project. Resource increased by 27% at Challenger. WPG Resources Ltd (ASX: WPG) is pleased to advise that it has completed an update of the Cha | |
| Resources: | (Resource, Total): 1.401Mt @ 7.62g/t Au for 344299Oz at Challenger | |
| CP/QP: | [Resources]: Stuart Hampton (Independent) | |
| ABSTRACT: | WPG Resources Ltd (ASX: WPG) is pleased to advise that it has completed an update of the Challenger mineral resource estimate as at 31 March 2017. As with previous estimates prepared by WPG, the resource estimate has been prepared and reported in accordance with JORC (2012) guidelines. The 31 March 2017 mineral resource estimate, which is shown in detail in Table 1, is a total of 1,401,401 tonnes at an average grade of 7.62 g/t Au containing 343,299 ounces of gold. The Mineral Resource estimate in the table above has been extracted from the detailed resource report that is attached to this abbreviated report. A summary of all material information used in the resource estimate is set out below. Detailed technical information with reference to JORC (2012) compliance for the mineral resource estimate is provided in JORC Table 1 Sections 1 to 3 in Appendix 1. The contained gold in the updated mineral resource estimate of 343,299 ounces is 27% higher than that shown in WPG’s 30 June 2016 resource estimate announced by the Company on 25 October 2016. The 31 March 2017 resource estimate ignores the exploration target for the SEZ and M3 shoots announced on 11 April, 17 May and 22 May 2017, and the results of the exploration drilling programs in the Challenger Deeps area announced on 29 May 2017. | |
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