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WPG Resources Ltd.
Summary
| Project: | Challenger | |
|---|---|---|
| Deposit: | Challenger | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-4-2018: WPG Resources Ltd. announces an Exploration/Drilling Update report for its Challenger deposit at the Challenger project. Drilling results incl. 0.64m @ 108.88g/t Au from 150.0m. WPG Resources Ltd (ASX: WPG) is pleased to announce further encoura | |
| 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. These holes were designed to test the M2 lode at the 70mRL level, which is two levels or 45m below the current production level, as announced on 23 February 2018. 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 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 2017, 6 December 2017 and 9 January 2018. A zone of high grade gold mineralisation has now been intersected on the 115, 95 and 70mRLs which indicates grade continuity down plunge on the M2 lode over these three levels. Mining has recently commenced on the 115mRL level. 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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