Western Gold Resources (ASX: WGR) has commenced its first exploration program at the Sandstone Gold Project in Western Australia following the grant of the exploration license, which will also include lithium assays. The project is just 3km along strike from Alto Metals Ltd's high-grade Lord Nelson Gold Project, known for its historic production of 207koz at 4.6g/t Au. Recent results from the Lord Nelson Project have indicated significant gold mineralization, with findings of 67m at 2.3g/t Au.
The Sandstone Project enhances WGR's extensive gold interests in the northeastern Yilgarn region and complements its advanced Gold Duke gold project 35km southwest of Wiluna. As gold prices approach record highs, WGR is expected to release a production Scoping Study soon.
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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.