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WPG Resources Ltd.
Summary
| Project: | Challenger | |
|---|---|---|
| Deposit: | Challenger | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-10-2017: WPG Resources Ltd. announces an Exploration/Drilling Update report for its Challenger deposit at the Challenger project. Drilling results incl. 1.19m @ 34.93g/t Au from 16.81m. WPG Resources Ltd (ASX:WPG) is pleased to announce encouraging gol | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kurt Crameri (Internal) | |
| ABSTRACT: | WPG Resources Ltd (ASX:WPG) is pleased to announce encouraging gold assays from the top fan of drill holes in its phase 2 drilling program in Challenger Deeps announced on 22 September 2017. These holes were designed to target the M2 lode at the 115mRL, which is one level or 20m below the lowest production level at Challenger. This fan of drill holes also passes into the Challenger Deeps mining lease (ML6457), which was granted to allow continued mining of the Challenger Deeps lodes down plunge. The results of this drilling program to date indicate that the mineralisation throughout the M2 lode is distributed on numerous fold limbs as previously observed in upper levels of the M2 lode at Challenger. The intersections observed to-date are very similar to those seen in levels above the shear where multiple folds were successfully mined at grades in excess of 5g/t. These additional folds, outside of those assumed in the 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. | |
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