Wia Gold will deliver a scoping study in 2025 as the Kokoseb Gold Project moves into its next development phase while maintaining a firm focus on exploration.
The Kokoseb Gold Project is located in northwest Namibia, approximately 320 km by road from the capital city of Windhoek.
Kokoseb lies within the Okombahe exploration licence, held under a joint venture by Wia (80%) and Epangelo (20%).
The Okombahe licence is part of Wia Gold’s broader Damaran Belt tenure in Namibia, which consists of 12 tenements across a total area of over 2,700 km2.
On 16 April 2024, Wia Gold announced an updated inferred mineral resource estimate of 2.12Moz at 1.0 g/t Au, at a cut-off grade of 0.5 g/t Au, including a higher-grade gold portion of 1.53Moz at 1.4 g/t Au using a cut-off grade of 0.8 g/t Au at a discovery cost of less than US$3/oz.
This year, Wia Gold will appoint consultants focusing on mine scheduling and design, additional metallurgical test work, environmental studies, hydrology studies, process plant engineering, non-process site infrastructure, tailings disposal, energy and power supply, and capital and operating costs.
Wia Gold plans to add two reverse circulation rigs to the existing one reverse circulation and two diamond drilling rigs.
The company also wants to provide additional resources in the Central, NW, and Northern Zones, plus conversion of inferred to indicated mineral resources.
Wia Gold executive chairman Josef El-Ragh said the current and planned drilling campaigns are building upon the significant exploration success at Kokoseb, which has progressed rapidly from a greenfield discovery to the current resource of 2.12Moz.
The company has announced assay results for ten reverse circulation drill holes and eight diamond drill holes, including diamond tails, completed and increased activities at Namibia’s 2.12Moz1 Kokoseb Gold discovery.
The central high-grade area delivered further significant intercepts, including 19.8 m at 2.28 g/t Au from 286.8 m, including 6.0 m at 4.52 g/t Au, and 21.9 m at 4.32 g/t Au from 329.7 m, including 9.7 m at 7.27 g/t Au.
The northwest zone strongly mineralised shoot depth extensional drilling returned thicker mineralisation, with an unconstrained intercept of 89.6 m at 0.90 g/t Au.
Complementary and extensional drilling along strike of Kokoseb returned strong and coherent gold mineralisation, with the most significant intercepts including 26.4 m at 1.49 g/t Au from 164.7 m in and 26 m at 1.34 g/t Au from 335 m.
El-Raghy said these results demonstrate Wia Gold’s considerable potential in the Central Zone at depth, showing remarkable consistency of grade, which is also reflected along strike in the NW and Northern Zones.
“The deposit remains open in all directions and at depth, and with the newly discovered mineralisation in the Eastern Zone, there remains significant scope for additional resource growth,” he said.
