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Additional information
Additional Information
Market: ASX
Sector: Gold Mining
Epic: WGR
News: Latest news
Web Site: Westgold Resources
Other Articles: 23-02-201014-01-201022-12-2009

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Westgold Resources

Westgold Resources

Westgold Resources Limited is a gold and base metals exploration company. Its principle focus is on exploring and developing a new mineral field at its Rover Project near Tennant Creek in the Northern Territory.

At Rover, the Company has a large 12,000 square kilometre land holding, including tenement applications, which includes three advanced prospects, Explorer 108 (Zinc, Lead and Copper), Rover 1 (Gold and Copper) and Explorer 142 (Gold and Copper). The Company is the first in 25 years to obtain access to conduct exploration at these highly mineralised prospects.



Wednesday, November 25, 2009

Westgold Resources reports sustantial gold-copper intercept at Rover 1

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Westgold Resources (ASX: WGR) has unveiled exciting gold-copper results from drilling at Rover 1 near Tennant Creek in the Northern Territory.

In a statement, the company said drilling targeting the Western Zone continues to extend the significant zone of copper and gold mineralisation recently discovered at Rover 1.

Drill hole WGR1D044-1 has intersected further extensive and high grade mineralisation approximately 20-30 metres east of the previous reported mineralisation in the Western Zone.

Westgold managing director Andy Beckwith said additional overlapping co-mineralisation of Bismuth, Cobalt and Silver was typical of the Rover 1 system.

The results consist of 111m @ 1.21% Cu, 1.77g/t Au (111m @ 5.0 g/t AuEqv) from 429m includeing two substantial higher grade zones - 22m @ 2.62% Cu, 1.66g/t Au (22m @ 8.6g/t AuEqv) from 456m and 19m @ 2.17% Cu, 6.47g/t Au (19m @ 12.6g/t AuEqv) from 513m.

The results from three additional holes WGR1D038, 040 and 44-3, all drilled 50 metres below the reported higher grade mineralisation have returned strongly anomalous mineralisation but are interpreted to be located outside of the developing high grade shoot.

A further wedge hole WGR1044-2 approximately 50 metres vertically above hole WGR1D044-1 has intersected visually encouraging sulphide development and veining typical of the high grade shoot. All results from this hole remain pending.

Mr Beckwith said the new results of WGR1D044-1 confirmed continuity of the broad copper-gold system to the east in the Western Zone.

"The internal high grade Copper and Gold zones provide a strong focus for our drilling and clearly will drive the economics of any future underground mining scenario," Mr Beckwith said.

“Our aggressive and on-going drilling programme continues to target this classic high grade Tennant Creek style of mineralisation at Rover 1. The historical high grade nature of most Tennant Creek orebodies provides us with a growing confidence that Rover 1 is shaping up as a significant discovery."

Drilling continues with two diamond drill rigs currently operating at Rover 1.

Westgold expects a further two holes will be completed at the Western Zone before the end of the field season around mid-December.

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