Wia Gold has uncovered a new mineralised area in the Eastern zone with the first drill holes at the 2.12Moz Kokoseb Gold Project.
Kokoseb gold deposit is part of the Damara project in the Erongo region.
It covers over 2,700 km2 and is held under a joint venture with the state-owned mining company Epangelo (20%) and Wia Gold (80%).
The company has three rigs for drilling at Kokoseb, targeting additional mineralisation in the Eastern Zone, increasing mineral resources in multiple new sub-parallel zones of mineralisation, and extensional drilling from the current mineral reserve estimate.
The company drilled 49 and eight diamond drill holes, totalling 9,115 metres, including exploration drill holes into the broader Eastern and Southern Zones, extensional drill holes at the Gap Zone, and complementary and infill drill holes at the Southern Zone, Gap Zone and Central Zone.
The drilling has confirmed continuity within existing zones and identified high-grade mineralisation below the current mineral resource estimate.
Initial drilling in the Eastern Zone has intersected a new mineralised shoot from shallow drilling, including significant intercepts of 7m at 1.29 g/t Au in KRC245 and 26m at 1.08 g/t Au in KRC246.
Further south of these results, and still within the Eastern Zone, KRC209 returned a high-grade intercept of 4m at 4.95 g/t Au.
The definition of the Central Zone high-grade shoots continues with significant intercepts, including 22.2m at 2.54 g/t Au in KDD029, including an internal higher-grade interval of 3.0m at 5.34 g/t Au.
Infill/complementary drilling was completed at several zones of the MRE area, with the Central Zone returning significant intercepts, including 20.9m at 1.53 g/t Au in KDD031, 5.0m at 3.38 g/t Au in KDD034, 26m at 2.06 g/t Au in KRC238 and 28m at 1.86 g/t Au in KRC240.
The latest diamond drill hole KDD029, drilled on the section below KDD0254, has returned significant intercepts, including a high-grade interval of 3.0m at 5.34 g/t Au, which is included in the considerable intercept of 22.2m at 2.54 g/t Au from 361.45m.
Extensional drilling at the Southern Zone and Gap Zone has returned 10m at 1.21 g/t Au in KRC244, 12m at 1.26 g/t Au in KRC221 and 19m at 1.18 g/t Au in KRC222.
Wia Gold executive chairperson Josef El-Raghy said these results continue to build on the exploration success that has seen Kokoseb progress rapidly from a greenfield discovery to the current resource of 2.12Moz.
“The deposit remains open in all directions, at depth and with the newly discovered mineralisation in the Eastern Zone, there remains significant scope for growth,” El-Raghy said.
