WPG Resources Encouraged by First Challenger Deeps Gold Assays

THE DRILL SERGEANT: WPG Resources (ASX: WPG) described recent gold assays from the first hole in the company’s Challenger Deeps drilling program as ‘highly encouraging’.

WPG Resources explained the hole (17CUD2071) was designed to target the M1, Aminus and Challenger West lodes. 

The company said the assay results it had received for this drill hole range from less than 0.01ppm to 740.17ppm gold.

Intercepts on the target structures include:

M1:
1.66 metres (true width) at 14.32 grams per tonne gold from 58m;

Aminus:
0.86m (true width) at 45.12g/t gold from 121m, including 0.26m at 139.69g/t gold; and

Challenger West:
0.86m (true width) at 232.12g/t gold from 140m, including 0.26m at 740.17g/t gold.

“The intercept in Challenger West is particularly pleasing as no significant drilling has previously been undertaken on Challenger West below the 215 shear,” WPG Resources executive chairman Bob Duffin said in the company’s announcement to the Australian Securities Exchange.

“This excellent intercept gives encouragement that this lode may form part of our future mining activities below the 215 shear in addition to the M1 and M2 lodes.”

WPG Resources expects to receive additional results from Phase 1 of this systematic drilling program totalling 14 holes over the next six weeks.

The company indicated the results will be used to plan initial mining activities at Challenger Deeps and identify other structures that may increase the endowment below the shear.

Email: info@wpgreources.com.au

Website: www.wpgresources.com.au