Wia Gold to release maiden resource estimate in Q2 of 2023


The ASX-listed Wia Gold Limited chairperson Andrew Pardey said the company looks forward to delivering the maiden resource estimate during the second quarter of 2023.

Pardey said this after the company reported that the drill exercise at Namibia's Kokoseb Gold Project had returned high-grade gold intercepts over thick mineralised zones.

Wia Gold completed 77 reverse circulation holes for 15,099 metres at the end of February 2023.

The company said two drill rigs are progressing with the program, and a maiden resource estimate is expected in the second quarter of 2023. 

Detailed surface mapping is also underway – updating the understanding and re-interpretation of the granitic bodies, sills, dykes, and stocks intersected in the drilling.

Pardey said the Kokoseb gold discovery continues to impress, regularly returning high-grade gold intercepts over thick mineralised zones. 

He also said regular news flow is expected in the coming weeks as assay results are progressively received from the laboratory.

"Drilling is progressing along strike on the Southern high-grade zone, near drill hole KRC036, which previously returned key significant intercepts1, and between the Central and the high-grade Western zones, both targeting extensions to the currently drilled mineralisation," Pardey said.

The Damaran Project, which hosts the Kokoseb gold discovery, consists of 12 tenements with a total area of over 2,700km2 held under a joint venture (Wia 80%) with the state-owned mining company, Epangelo and a local Namibian group. 

Wia Gold has, since 2018, successfully consolidated a vast land position on the Damaran belt in central Namibia, strategically located along key regional structures. 














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