Beta Hunt Drilling Update
| Stock | Westgold Resources Ltd (WGX.ASX) |
|---|---|
| Release Time | 18 Feb 2025, 9:44 a.m. |
| Price Sensitive | Yes |
Beta Hunt Drilling Update
- Additional large, high-grade drilling intervals returned at Fletcher
- Mason zone target interpreted as the southern fault offset extension of the Fletcher zone
- Maiden Mineral Resource Estimate for Fletcher to be released late Q4, FY25
Westgold Resources Limited is pleased to provide an update on resource development drilling activities at the Beta Hunt mine in Kambalda, Western Australia. This includes further results from Westgold's inaugural drilling program at the Fletcher Zone and details of planned drilling of the potential southern extension of Fletcher (the Mason Zone target). Highlights from the Fletcher Zone include additional large, high-grade drilling intervals such as 41.00m at 7.99 g/t Au and 19.00m at 5.95 g/t Au. Five drill rigs are now operating at Fletcher, and Westgold expects to release a maiden Mineral Resource Estimate for the Fletcher Zone in late Q4, FY25. The Mason Zone target has been interpreted as the southern fault offset extension of the Fletcher Zone, with the combined strike length of the two zones now approximately 4km. Historical drilling at Mason has returned some outstanding gold intersections, and Westgold plans to commence drill programs in Q4 FY25 to further explore this target.
Westgold is focused on advancing the Fletcher Zone, with the goal of producing a maiden Mineral Resource Estimate in late Q4, FY25. This will form the basis for developing a robust mine plan and infrastructure strategy to support the natural production rate of the mineralised system. Following the completion of the Fletcher drilling program, Westgold will commence drilling at the Mason Zone to confirm its potential as a faulted offset of the Fletcher Zone and to extend the known strike length of this under-drilled mineralised gold system.