Wia Gold chairperson Andrew Pardey says six of the eight latest drill hole results at the Kokoseb Gold Project in Namibia intercepted between 18 and 29 metres thick at +1.3 g/t gold.
The Kokoseb gold deposit lies in the Okombahe exploration licence, held under a joint venture (Wia 80%) with the state-owned mining company Epangelo.
The Okombahe licence is part of Wia’s larger Damaran Project, which consists of 12 tenements with a total area of over 2,700 km2.
A maiden inferred mineral resource estimate of 1.3Moz at 1.0 g/t Au at a cut-off grade of 0.5 g/t Au, including a higher-grade gold portion of 0.72Moz at 1.5 g/t Au using a cut-off grade of 1.0 g/t Au, was first announced on May 15, 2023, 11 months after the discovery holes and at a discovery cost of US$2/oz.
Pardey said the results confirm the current geological interpretations with strongly mineralised and continuous shoots.
“These results represent yet another growth drilling success from the current program. They are expected to extend the current MRE model at Kokoseb significantly further, again building optimism for a substantial increase in the current MRE to be delivered in the coming months,” Pardey says.
