Westgold Resources Limited (ASX:WGR) Drilling Confirms Jims Find Gold Prospect
Perth, Oct 14, 2011 AEST (ABN Newswire) - Westgold Resources Limited (
ASX:WGR) ("Westgold") advises that it has recently completed a further round of evaluation drilling at its newly discovered Jim's Find prospect at the Cuddingwarra Goldfield in its Central Murchison Gold Project (CGMP). Jim's Find is located approximately 15 kilometres from the proposed site of the CMGP processing facility at Big Bell, with haul road infrastructure in place from the previous mining of open pits at the City of Chester prospect where 92,000t at 3.14 g/t Au was mined.
Jim's Find is a virgin discovery and manifests as a mineralised shear zone in mafic rocks. Pattern drilling has confirmed a strike-length of 300 metres with the system remaining open to the south and at depth.
This current round of drilling has confirmed the shallow mineralization encountered in the first round of drilling at Jim's Find. The better results from the program include:
- CDRC0717 - 2m at 14.83g/t Au from 31m
- CDRC0720 - 10m at 2.66g/t Au from 10m
- CDRC0724 - 5m at 3.31g/t Au from 31m
- CDRC0731 - 14m at 2.49g/t Au from 47m
- CDRC0738 - 8m at 3.61g/t Au from 16m
- CDRC0739 - 3m at 6.07g/t Au from 41m
- CDRC0740 - 13m at 3.62g/t Au from 65m
Westgold Managing Director Scott Huffadine said: "This is a solid result. We expect that Jim's Find will shape up to be a modest size open pit and become one of a number of complimentary open-pit mining options for the Central Murchison Gold Project. Importantly, it confirms the potential to make further new discoveries of near surface and open-pittable gold mineralisation in the region".
"Our development plans remain on track, with the Central Murchison Gold Project continuing to form a key part of our platform to build a mid-tier gold producer from two mining centres in proven goldfields."
For the complete announcement including figures, please view:
http://media.abnnewswire.net/media/en/docs/ASX-WGR-561279.pdf
About Westgold Resources Limited
Westgold Resources Limited (ASX:WGX) is a dynamic and responsible explorer and developer of gold mines operating in the prolific goldfields of outback Western Australia.
Westgold typifies the world-leading mining technology, ingenuity and pioneering attitude that Australia's mining industry is renowned for by uniquely being the owner-operator of its mines and projects.
Our overall business has two main pillars - gold operations in the Murchison region of Western Australia and a specialised wholly-owned underground mining services arm - Westgold Mining Services.
We strive to create wealth for our shareholders with a respectful and grateful manner knowing we are the custodian of their assets and resources.
| ||
|
