Wia Gold Limited says 19 drill holes at the Kokoseb Gold Project returned grades over 10 g/t Au, prompting the chairperson Andrew Pardey to declare delivery of an updated mineral resource estimate within the next few weeks.
The Kokoseb Gold Project lies within the Okombahe EPL 4814 jointly by WIA (80%) and the Namibian state-owed mining company Epangelo (20%).
The EPL is part of Wia Gold’s broader Damaran Belt tenure in Namibia, which comprises 12 tenements covering a total area of over 2,700 km2.
Wia Gold completed 18 reverse circulation drill holes and one diamond drill hole, with KRC176 and KDD02 returning high-grade intercepts that significantly extended the continuity of their respective mineralisation areas.
Drillholes KRC176 intercepted 12m at 5.15 g/t Au and 10m at 5.51 g/t Au, and KDD023 intersected 30.2m at 2.61 g/t Au beneath the first diamond hole KDD016, which previously returned 33.9m at 1.53 g/t Au).
At the Gap Zone, significant mineralised intercepts included the return of +10 g/t Au sample splits for the first time, both within KRC185 (14m at 2.72 g/t Au) and KRC186 (10m at 2.71 g/t Au).
Other RC drillholes completed at the Gap Zone and the Central Zone have returned mineralised intercepts in line with their neighbouring intersected mineralisation, confirming grade and thickness continuities within these mineralised shoots.
Pardey said the drill results reported in this announcement show extended continuity and excellent consistency within identified mineralised zones at both the Gap Zone and Central Zone.
“The extended high-grade core within some of these shoots is well supported, as demonstrated by these latest results. We are pleased to be on track to deliver the updated MRE for Kokoseb within the next few weeks,” Pardey said.
In May 2023, Wia Gold declared a maiden Mineral Resource Estimate (MRE) for Kokoseb of 1.3 Moz at 1.0 g/t Au (0.5 g/t Au cut-off grade). This initial MRE included a higher-grade component of 0.72 Moz at 1.5 g/t Au (1.0 g/t Au cut-off grade).
