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WPG Resources Ltd.
Summary
| Project: | Challenger | |
|---|---|---|
| Deposit: | Challenger Deeps | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 11-4-2017: WPG Resources Ltd. announces an Exploration/Drilling Update report for its Challenger Deeps deposit at the Challenger project. Drilling results incl. 1m @ 232.12g/t Au from 140m. WPG Resources Ltd (ASX:WPG) is pleased to advise that it has rece | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Kurt Crameri (Internal) | |
| ABSTRACT: | WPG Resources Ltd (ASX:WPG) is pleased to advise that it has received highly encouraging gold assays from the first hole in its Challenger Deeps drilling program announced on 3 April 2017. This hole was designed to target the M1, Aminus and Challenger West lodes. The assay results received for this drill hole (17CUD2071) range from <0.01 to 740.17ppm gold. WPG’s Executive Chairman Bob Duffin said “The intercept in Challenger West is particularly pleasing as no significant drilling has previously been undertaken on Challenger West below the 215 shear. This excellent intercept gives encouragement that this lode may form part of our future mining activities below the 215 shear in addition to the M1 and M2 lodes.” Additional results from Phase 1 of this systematic drilling program totalling 14 holes, which is anticipated to take approximately 6 weeks, will be used to plan initial mining activities at Challenger Deeps and identify other structures that may increase the endowment below the shear. None of the data reported on herein has been used for resource or reserve estimation. | |
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