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Westgold Resources Ltd.
Summary
| Project: | Great Fingall Mine | |
|---|---|---|
| Deposit: | Great Fingall Reef | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Gold | |
| Date: | 1/17/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-1-2020: Westgold Resources Ltd. announces an Exploration/Drilling Update report for its Great Fingall Reef deposit at the Great Fingall Mine project. Drilling results incl. 3.1m @ 20.17g/t Au from 1439.7m. Westgold is pleased to advise that an aggressi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jake Russell (Internal) | |
| ABSTRACT: | Westgold is pleased to advise that an aggressive +1km down-plunge step-out hole from the lowest production levels at Great Fingall has successfully intercepted the Great Fingall Reef with exceptional results. The main Great Fingall intercept of 1.57m at 7.98g/t from 1642.18m included a section of 0.49m at 0.12g/t from 1642.92m which contained numerous specs of visible gold (see image). Given the fine specs of visible gold in the core and the resultant assay returned, this section has been re-submitted for screen fire assay. Westgold believes this drilling is highly significant in that it proves that the stratigraphic controls to mineralisation remain in place, and importantly high grades typical of historic production have been returned at greater than twice the depth of historical mining, proving plunge continuity of the high-grade Great Fingall Reef for a length which is now approaching 2 kilometres. The Great Fingall mine was one of WA’s largest and richest mines at the turn of the 19th century. It was mined to approximately 740 vertical metres before closing during the Great War in 1918. Its recorded production was 1.2 million ounces at a grade of 19.5g/t Au. The mine never re-opened after closure but was subject to open pit mining in the early 2000’s and the deepening of current pit via an in-wall ramp, which will serve as the future decline for the underground mine. Westgold has previously drilled the lode system to approximately 1,000m vertical depth and defined a total underground resource of 1.1 million tonnes at 8.49g/t Au containing 308,000 ounces. Significant remnant resources defined by development and inter-level rising are known to exist within the mine, however due to the age of the data has not been considered. | |
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