Westgold Resources’ Great Fingall gold mine in Western Australia has recorded a 49 per cent uplift in mineral resource estimation.
The site’s resource has now grown to half a million ounces.
“A 49 per cent uplift from the last reported mineral resource estimate at Great Fingall is stunning,” Westgold managing director Wayne Bramwell said.
“It shows the value that can be created when first principles geology is coupled with a corporate willingness to back geologists with drilling investment.
“Westgold is confident there is more upside at Great Fingall, as to date we have only focused on the better defined and therefore lower execution risk extensions to the known Great Fingall Reef.
“Importantly, the flat structures exploited in the historic Great Fingall open pit and the parallel and tantalisingly close, high-grade Golden Crown system remain largely untested.”
Westgold will mobilise two drill rigs at the site in the coming weeks, as the final drilling program is undertaken.
“Drilling success across all our asset suite is beginning to change external perceptions about our Murchison land holdings as being a mature, well-understood gold belt with limited potential to surprise,” Bramwell said.
“From Westgold’s internal lens, we see a highly endowed gold province that is under-explored and has been unloved for more than twenty years.”
Westgold remains on track to make a final investment decision on the restart of Great Fingall in the first quarter of 2024.