Western Gold Resources (ASX: WGR) has launched a 710m diamond drilling initiative at its wholly-owned Gold Duke Project in Western Australia, aiming to enhance pit design and conduct detailed metallurgical tests for both CIL and Heap Leach processing. This step is part of a broader Scoping Study based on an estimated 4.57Mt at 2.00g/t gold, with significant exploration targets identified for future mining approvals.
The drilling at four key deposits is crucial for advancing the project towards mining, amidst high gold prices, potentially offering substantial shareholder value. The project's progress includes existing mining approvals and ongoing efforts for additional permits, with the Scoping Study concentrating on shallow, oxide ore pits. Further drilling and geotechnical, as well as metallurgical testing, are scheduled, alongside native title surveys and infrastructure planning, with continuous market updates promised.
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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.