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WPG Resources Ltd.
Summary
| Project: | Challenger | |
|---|---|---|
| Deposit: | Challenger | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-1-2018: WPG Resources Ltd. announces an Exploration/Drilling Update report for its Challenger deposit at the Challenger project. Drilling results incl. 2.32m @ 19.33g/t Au from 89.14m. WPG Resources Ltd (ASX:WPG) is pleased to announce further encourag | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kurt Crameri (Internal) | |
| ABSTRACT: | WPG Resources Ltd (ASX:WPG) is pleased to announce further encouraging gold assays from the third fan of drill holes in its phase 2 drilling program in Challenger Deeps announced on 22 September, 26 October and 6 December 2017. These holes were designed to target the M2 lodes at the 70mRL, which are three levels, or 65m, below the lowest production level at Challenger. Some drill holes also intersected the M1 lode towards the end of the drill holes. The intersections observed on the third fan to date are very similar to the results received on the top two fans for the Phase 2 deeps program released on 26 October and 6 December 2017 and are very similar to those in levels above the shear where multiple folds have been successfully mined at grades in excess of 5 g/t Au. These additional folds, outside of those assumed in mine planning, also have the potential to increase the ounces per vertical metre above those used for initial planning purposes. The drilling results are summarised in more detail in Appendix 1. None of the data reported on herein has been used for resource or reserve estimation. The remaining holes on the third fan of drilling are expected to be completed late February 2018. | |
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