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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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Thursday March 18, 08:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

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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.

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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.



Thursday, January 14, 2010

Westgold Resources delivers further bonanza gold at Rover 1

by Proactive Investors company news image

Australian-listed gold and base metals exploration company Westgold Resources has uncovered further potential on its Northern Territory project, with significant high grade results received from drilling at the Rover 1 Cu-Au and the Explorer 108 Pb-Zn-Ag deposits.

At Rover 1, high grade gold mineralisation of 6m @ 41.1g/t Au has been reported from the Western Zone, providing further encouragement of the potential at Rover 1.

This high grade mineralisation which includes an exceptional 1m @ 193g/t Au (or approximately 6 ounces per tonne) correlates to the visible gold zone reported on 22 December 2009 and occurs within a broader zone of copper and gold mineralisation.

WGR1D044-4 28m @ 9.08g/t Au, 0.43% Cu, 1.93g/t Ag, 0.14% Bi, 0.04% Co from 496m including 6m @ 41.11g/t Au, 0.66% Cu, 4.83g/t Ag, 0.41% Bi, 0.03% Co from 513m.

Assays for a further three holes at Rover 1 remain pending and are expected in the next two weeks. Westgold expects to be in a position to release its maiden Identified Mineral Resource Estimate for Rover 1 after receipt and assessment of these final pending assays.

At the Explorer 108 Pb-Zn-Ag deposit, located approximately 40km to the west of Rover 1, a single new drill hole was completed on the eastern margin of the deposit targeting extensions to the high grade zone previously defined in drill hole NR108D026. This recent drilling has intersected and confirmed extensions to the mineralisation approximately 100m downdip to the east of the current resource limits.

The more significant results include NR108D049 48m @ 1.35% Pb, 2.13% Zn, 0.74g/t Au, 8g/t Ag from 545m, including 5m @ 1.49% Pb, 3.55% Zn, 3.66g/t Au, 7g/t Ag from 562m, including 4m @ 1.98% Pb, 3.24% Zn, 1.06g/t Au, 10.5g/t Ag from 570m.

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

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