Westgold confirms Jim’s Find

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THE DRILL SERGEANT: Westgold Resources has completed the latest round of evaluation drilling at its recently-discovered Jim’s Find prospect at the Cuddingwarra Goldfield located in the company’s Central Murchison gold project (CMGP) in Western Australia.

Westgold described Jim’s Find to be a virgin discovery that shapes to be a mineralised shear zone hosted in mafic rocks.

Pattern drilling carried out in the course of the recent program has, according to the company, 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 Westgold previously reported it had encountered in the first round of drilling at Jim’s Find.

The better results from the latest program include:

–    2 metres at 14.83 grams per tonne gold from 31 metres;

–    10m at 2.66g/t gold from 10m;

–    5m at 3.31g/t gold from 31m;

–    14m at 2.49g/t gold from 47m;

–    8m at 3.61g/t gold from 16m;

–    3m at 6.07g/t gold from 41m; and

–    13m at 3.62g/t gold from 65m.

“This is a solid result,” Westgold Resources managing director Scott Huffadine said in the company’s announcement to the Australian Securities Exchange.

“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.”
Jim’s Find is located approximately 15 kilometres from the proposed site of the CMGP processing facility at Big Bell.

Haul road infrastructure is already in place from the previous mining of open pits at the City of Chester prospect where 92,000 tonnes at 3.14 grams per tonne gold was mined.