WIA Price sensitive 20 Aug 2024, 8:07 AM

Exploration Success Continues at Kokoseb

WIA Gold Ltd

Exploration Success Continues at Kokoseb

Key points

  • Mineralisation extended at the Central Zone with significant high-grade intercepts
  • New mineralisation discovered at the Eastern Zone with shallow open intercepts
  • Extensional drilling at the Southern and Gap Zones returned solid intercepts

Full summary

Wia Gold Limited (ASX: WIA) is pleased to report assay results for forty-nine (49) RC drillholes and eight (8) diamond drillholes completed at its 2.12Moz Kokoseb Gold discovery in Namibia. The drilling has confirmed continuity within existing zones, identified high-grade mineralisation below the current Mineral Resource Estimate (MRE), and uncovered a new mineralised area in the Eastern zone with the first drill holes. Highlights include: mineralisation extended at the Central Zone with significant intercepts up to 22.2m at 2.54 g/t Au; new mineralisation discovered at the Eastern Zone with shallow open intercepts up to 26m at 1.08 g/t Au; and extensional drilling at the Southern and Gap Zones returning solid intercepts up to 19m at 1.18 g/t Au. Aggressive exploration drilling continues at Kokoseb, targeting additional mineralisation in the Eastern Zone, increasing mineral resources in multiple new sub-parallel zones, and extensional drilling from the current MRE.

Guidance

The company has not provided any high-importance, price-sensitive forward-looking financial metrics or other company-specific metrics in the announcement.

Outlook

The company states that aggressive exploration drilling with 3 rigs continues at Kokoseb, targeting additional mineralisation in the Eastern Zone, increasing mineral resources in multiple new sub-parallel zones of mineralisation, and extensional drilling from the current Mineral Resource Estimate.

Summary generated by a large language model. Please interpret with care.

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