Wia Gold is expecting an updated mineral resource estimate for the Kokoseb project in the coming weeks.
The Kokoseb project is located within the Okombahe Exploration Licence, which is held under a joint venture between WIA (80%) and the Namibian state-owned mining company Epangelo.
The Okombahe EL is part of WIA’s broader Damaran Belt tenure in Namibia, which comprises 12 tenements covering a total area of over 2,700 km².
The company is continuing drilling with one reverse circulation rig and three diamond drill rigs at Kokoseb.
The latest diamond drill hole, KDD055, has returned 26.0m at 7.90 g/t Au at a vertical depth of 380 m, below the actual mineral resource estimate, including a higher-grade portion of 13.3m at 13.39 g/t Au. 200m south of KDD055, drill hole KDD059 has intersected 10.5m at 16.72 g/t Au, including 2.0m at 84.68 g/t Au.
These highly significant intercepts continue to confirm the potential depth at Kokoseb, where mineralisation is fully open and showing continuity in high-grade shoots.
Shallow reverse circulation drilling at Central Zone near KRC3312 positively extends this high-grade shoot with significant intercepts, including: o 16m at 2.96 g/t Au from 198m, including 6m at 6.18 g/t Au in KRC389 o 28m at 3.44 g/t Au from 192m, including 8m at 8.40 g/t Au in KRC396.
A series of diamond drill holes were also completed at the shallow parts of Kokoseb as infill drill holes to be included in the updated mineral resource estimate.
The latest results from these diamond drill holes are located in the area of the NW Zone, except for KDD057, which is located in the Southern Zone.
They returned the following significant intercepts: 13.9m at 5.23 g/t Au from 93.4m in KDD057 (drilled at Southern Zone), 21m at 1.50 g/t Au from 82.9m in KDD062, 23m at 1.69 g/t Au from 208.0m in KDD063.
Commenting on the results, Wia Executive Chairman Josef El-Raghy said Kokoseb continues to show consistency in gold mineralisation at depth and along strike, with some excellent results from within and outside the current pit shell outline.
“The accelerated drilling programme, with three DD rigs targeting the high-grade shoots at depth and one RC rig focussing on infill drilling to improve our understanding of the current 2.12m oz Au resource, is bearing fruit with results to be included in the updated MRE due in the next few weeks.”
