Westgold Resources Limited (ASX: WGX) has reported significant progress in its resource development drilling at the Beta Hunt mine in Kambalda, Western Australia. The Fletcher Zone has delivered further high-grade results, including 41.00m at 7.99 g/t Au and 19.00m at 5.95 g/t Au, reinforcing its potential as a third ore source alongside existing mining area.
With five drill rigs operating, a Maiden Mineral Resource Estimate is expected in late Q4 FY25. Meanwhile, the Mason Zone is interpreted as a southern fault offset extension of Fletcher, potentially extending the combined strike length to approximately 4km. Historical drilling at Mason has returned promising intercepts, such as 19.00m at 10.73 g/t Au and 5.20m at 20.67 g/t Au. CEO Wayne Bramwell emphasized that developing a strong understanding of these ore bodies will be key to optimizing long-term cash flow.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.