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Westgold Resources Ltd.
Summary
| Project: | Central Murchison | |
|---|---|---|
| Deposit: | Paddys Flat | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-5-2018: Westgold Resources Ltd. announces an Exploration/Drilling Update report for its Paddys Flat deposit at the Central Murchison project. Drilling results incl. 6.3m @ 9.99g/t Au from 327m. Westgold Resources Limited (ASX:WGX) (Westgold) is pleased | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jake Russell (Internal) | |
| ABSTRACT: | Westgold Resources Limited (ASX:WGX) (Westgold) is pleased to provide the following update its underground exploration into virgin areas of the Paddy’s Flat ore system at its Meekatharra Gold Operations (MGO). Our first underground drilling into the virgin zones beneath the Fenian’s–Consol’s spurs have returned spectacular results providing high-hopes for a continuation of these prolific high grade lodes at depth, and importantly an impending boost to the overall once per vertical metre (OVM) of the ore system. Best results include Paddy’s Flat has historically produced in excess of one million ounces of gold, mainly from historic underground mines, most of which have been untapped for nearly 80 years. From the early 1980’s through to 1995, open pit mining of the surface oxide exposures of these ore systems saw production of nearly 300,000 ounces of gold (4.5 million tonnes at 2.0 g/t Au). The ore exists in three parallel lode systems, namely the Prohibition BIF sequences in the west, the Fenian’s–Consol’s lodes in the centre and the Fatts-Mudlode ore systems in the east. The core production centre of the field is the Fenian’s–Consol’s–Marmont mines which produced 832,000 ounces (1.54 million tonnes at a recovered 16.8 g/t Au) over approximately 350 metres of strike to a maximum depth of 400 metres vertical from 1901 to 1940 (refer to Figure 1). This rich line of lode has a very complex structural make-up, with gold distributed across both north-south channel lodes providing the bulk of the tonnage and almost perpendicular “spur” lodes which cross-cut the stratigraphy. These spur lodes exhibit spectacular grades which boost the overall grade of the system significantly. Collectively these make for difficult drill targets, and complex results to interpret Whilst a few deeper surface holes have returned significant grades at depth, their positioning and the orientation of the structures make for difficult interpretation of their significance. By way of example, deeper surface holes drilled by past operators have returned the following intercepts within interpreted spur structures. | |
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