Proactive investorsLogo Proactive Investors UK Website

Search field
Get Adobe Flash Player Download
Flash
Player ►

And
Enable
Javascript

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
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

RSS - Subscribe to the News Today on Proactive UK ▼

Tuesday March 16, 09:00Mercator Gold raises £422,500 through placing

The company has placed shares with institutional and ultra high net worth investors, and the proceeds will allow it to develop existing projects and pursue new projects of merit

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive NA ▼

Monday March 15, 11:38Calvin Klein owner buys Tommy Hilfiger for US$3 billion from Apax Partners

The New York listed shirt and neckwear company is paying €1.924 billion in cash and issuing €276 million in PVH common stock (approximately 8.7 million shares) to fund the transaction.

 

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

FULL ARTICLE ►
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.



Tuesday, December 22, 2009

Westgold Resources announces more high grade results from Rover 1 Project

company news image

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.

AddThis Feed Button
Register here to be notified of Proactiveinvestors One2One Forums.

Other Westgold Resources articles


Other Westgold Resources news

More news ►

Investors interested in Westgold Resources recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.