| Announcement Date: | 2022-05-10 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Wiluna Mining Corp. |
| Project name: | Wiluna Mining Centre |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 9.4m @ 4.87g/t Au from 919.4m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Wiluna Mining Corporation Limited (ASX: WMC) (Wiluna Mining, WMC or the Company) is pleased to announce the confirmation of high-grade sulphide mineralisation in the first of eight holes testing down-plunge extensions of the East and West Lodes, which historically were the main producing lodes at Wiluna with a combined endowment of 3.5Moz @ 5.4g/t. The Company’s 40,000m discovery drilling campaign will test nine large-scale targets for new high-grade sulphide shoots ‘under the headframe’ at Wiluna. Drilling is currently underway at East and West Lode Lower, Bulletin North and Squib (Figure 1). High-grade >5g/t shoot discoveries are targeted to enhance the early years of the current mining plan with the intention of increasing the underground ore grade and to grow gold production. The East and West Lodes were historically mined to 600m depth during the 1930’s and 1940’s and produced 1.4Moz @ 7.6g/t, until production ceased at the end of World War II. When combined with the current Mineral Resource, the East & West Lodes have a large pre-production endowment of approximately 3.5Moz @ 5.4g/t. A small number of wide-spaced holes were drilled below the lodes in the late 1990’s, which confirmed the continuity of the gold structures, although high-grade shoot trends were not adequately tested in the previous program (Figure 1 & 2). |
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