Announcement Date: 2022-08-17
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Wia Gold Limited
Project name: Damaran
Location: Namibia
Commodities: Gold
Highlight: Drilling results incl. 30.3m @ 1.97g/t Au from 183.8m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Wia Gold Limited (ASX: WIA) (Wia or the Company) is pleased to report the final results from the diamond drilling program completed at the Kokoseb Gold Discovery (Kokoseb), situated on the Company’s Damaran Gold Project located in Namibia. The five diamond drillholes, located on different sections of the surface gold anomaly, including the eastern and southern extremes, confirm significant gold mineralisation across the entire anomaly. These results include 13.1m at 2.56 g/t Au, 40.2m at 1.09 g/t Au and 30.3m at 1.97 g/t Au. Results from the first reverse circulation (RC) hole of the RC drilling program currently underway, have returned a significant intercept of 23.0m at 1.56 g/t Au. At the end of July, 11 holes for 2,162 RC metres had been completed at Kokoseb. Best results previously announced included 17.4m at 2.70 g/t Au (KDD001), 4.8m at 4.38 g/t Au (KDD002), 11.5m at 2.50 g/t Au (KDD003), 7.0m at 1.36 g/t Au (KDD004), 12.0m at 1.36 g/t Au (KDD005), 14.1m at 1.91 g/t Au (KDD006) and 27.0m at 1.67 g/t Au (KDD008). 2 With these results of the five remaining holes, every diamond hole completed at Kokoseb has returned significant gold intercepts. KDD012 and KDD010 were both drilled proximate to drill hole KDD008 and Trenches 4 and 5 (Figures 2 and 3), demonstrating good continuity in terms of width and grade in the mineralised zones of the area.
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