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Additional Information

Market:	ASX
Sector:	Gold Mining
EPIC:	WGR
Latest Price:	0.20 (0.00%)
52-week High:	0.32
52-week Low:	0.17
Market Cap:	82.84M

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Westgold Resources Full Westgold Resources profile here

Westgold Resources (ASX:WGR) is a gold and base metals exploration company with a portfolio of gold, uranium and nickel tenements located in Western Australia and the Northern Territory.

The company's key projects are the Rover 1 Gold-Copper Project in the Northern Territory and the Central Murchison Gold Project in Western Australia.

Westgold Resources announces more high grade results from Rover 1 Project

Tuesday, December 22, 2009

Westgold Resources (ASX: WGR) has encountered further high grade gold and copper mineralisation at both the Western and Jupiter Zones at the Rover 1 Project during drilling.

Further to the new results, visually strong copper and gold mineralisation occurs in recently completed holes which remain to be assayed and suggest further extensions to the pending resource estimate. Consequently, completion of the resource estimate will be deferred to incorporate these final 2009 results and Westgold feels it should be in a position to release its maiden Identified Mineral Resource Estimate early in the new year.

At Jupiter, additional new high grade gold results continue to provide further definition of the down plunge extensions and continuity of mineralisation. These provide an excellent example of the potential to grow the Rover 1 resource base over the coming 2010 drilling programmes as the Jupiter ore shoot remains open at depth:

The highlights include 5m @ 9.2g/t Au, 0.40% Cu, 4.2g/t Ag, 0.09% Bi, 0.03% Co from 570m and 8m @ 3.7g/t Au, 8.0g/t Ag, 0.13% Bi, 0.09% Co from 579m including 2m @ 13.6g/t Au, 4g/t Ag, 0.23% Bi, 0.11% Co from 585m.

At the Western Zone, further broad zones of strong copper mineralisation with internal higher grade intervals continue to be defined and extend the Western Zone mineralisation. Significant results include 59m @ 1.2% Cu, 0.08g/t Au, 1.07g/t Ag, 0.01% Bi, 0.05% Co from 416m including 6m @ 5.77% Cu, 0.28g/t Au, 3g/t Ag, 0.05% Bi, 0.18% Co from 434m and 110m @ 0.66% Cu, 0.09g/t Au, 0.65g/t Ag, 0.02% Bi, 0.02% Co from 374m, including 5m @ 1.32% Cu, 0.01g/t Au, 0.5g/t Ag, 0.02% Bi, 0.01% Co from 446m.

In addition to these new assay results, there are a number of visually encouraging geological intervals in the recently completed drill holes from the Western Zone of which assays are yet to be received. Of particular note is hole WGR1D044-4 where visible gold is evident over 2 metres within a 20 metre interval of encouraging stringer style alteration.

A number of other holes show various zones of stringer style alteration and additional zones of strong visual copper mineralisation. Assays for five (5) drill holes are expected within the next few weeks.

Drilling has now finished for the 2009 field season with the contractor recently de-mobilised from site just prior to the commencement of seasonal rains associated with the various cyclones in northern Australia.

The Company expects to re-commence aggressive drilling programmes at Rover 1 in March 2010.

Westgold’s confidence in and knowledge of the Rover 1 prospect continues to grow with close to 100 holes drilled in this exciting Cu-Au discovery.

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