Announcement Date: 2022-10-17
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Wia Gold Limited
Project name: Kokoseb
Location: Namibia
Commodities: Gold
Highlight: Drilling results incl. 42m at 1.57g/t Au from 37m
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 eleven reverse circulation (RC) drill holes – KRC002 to KRC012 – completed at the Kokoseb Gold Discovery (Kokoseb), situated on the Company’s Damaran Gold Project located in Namibia. Drill holes KRC002 to KRC011 were drilled along 1.4km strike of the northern side of Kokoseb, while drill hole KRC012 is located on the western flank of the anomaly. Best results include 42m at 1.57 g/t Au, 11m at 1.87 g/t Au and 27m at 1.71 g/t Au. At the end of September, 24 RC holes for 4,902 metres have been completed at Kokoseb, the drill rig is currently progressing towards the south on the western flank of the anomaly. Wia’s Chairman, Andrew Pardey, commented: “These latest RC results demonstrate the potential to intersect in-situ significant gold mineralisation under all of the 6km strike outline of the Kokoseb gold anomaly. “RC drilling is quickly progressing the surface reconnaissance along strike, having already validated 1.4km strike length and currently extending the reconnaissance towards the south on the western flank of Kokoseb. Mineralisation intersected to date is open in all directions and at depth. “We look forward to ramping up drilling activity at Kokoseb in 2023 with the addition of a second drill rig, which will focus on infilling and tracing down dip the actual results.”
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