Westgold intercepts high-grades at South Fingall.

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THE DRILL SERGEANT: Drilling carried out recently by Westgold Resources at the South Fingall prospect located in the Day Dawn Goldfield at the company’s Central Murchison gold project has intercepted a high-grade reef structure.

According to Westgold the area has previously been subjected to wide-spaced shallow drilling, which defined a small open-pittable mineral resource of 65,000 tonnes at 3.0 grams per tonne gold.

Westgold has reviewed the area taking into consideration the geological setting, structural interpretation and the proximity to the prolific Great Fingall and Golden Crown reef systems.

The company said it now believes the area holds potential for additional narrow, moderately dipping quartz lode structures within the footwall of the Great Fingall Dolerite unit.

A program of RC drilling was completed, which returned results that included:

–    3 metres at 16.09 grams per tonne gold from 43 metres, including 1 metre at 46.4 grams per tonne gold;

–    3m at 6.4g/t gold from 26m, including 1m at 13.9g/t gold;

–    6m at 9.54g/t gold from 37m, including 2m at 25.95g/t gold;

–    3m at 10.77g/t gold from 24m, including 2m at 15.85g/t gold; and

–    4m at 5.25g/t gold from 43m, including 3m at 6.58g/t gold.

 

Source: Company announcement

Westgold has interpreted the new and previous drilling from this area to indicate a mineralised strike-length for the structure at South Fingall of around 600m.

It also considers the area to now demonstrate greater open pit potential and that it may be able define a larger resource.

“Importantly, the drilling has shown that there appears to be an increase in grade within the vein structure at depth which remains open,” the company said.

“The results present real potential for additional high grade material which could be accessed in conjunction with the company’s development strategy for the re-start of underground mining at the Great Fingall and Golden Crown lodes.”

Westgold said a depletion zone has previously been identified at the nearby Golden Crown reef, albeit being non-economic at surface and only reaching commercial grades below 100m vertical depth.

The company has deeper drilling of the area planned in order to evaluate for depth extensions.

“This mineralisation is considered to be structurally related to the nearby Great Fingall Reef which has historically produced 1.2 million ounces of gold at an average grade of 19.5 grams per tonne gold and has been shown to continue to at least one kilometre in depth,” Westgold Resources managing director Scott Huffadine said in the company’s announcement to the Australian Securities Exchange.

“We are excited by these early results which indicates both higher grade open pit potential, and points to additional significant high grade reef development in the area.”