Western Gold Resources (ASX:WGR) has uncovered an opportunity to extend the mine life at the Gold Duke Project in Western Australia, following a review of the project’s historical database.
The company says there are opportunities that have potential to enhance cashflow, operational flexibility, and project scale, as well as build on the existing 34,000-ounce-stage one mining project.
Western Gold, which has a market capitalisation of $15.35 million, adds that mineralisation remains open at several locations.
These locations include the Bottom Camp, Joyners Find, Emu/Eagle Saddle Zone, Gold King and Gold Monarch Saddle Zone, and Bower Bird and Comedy King deposits.
Managing Director Cullum Winn says the delineation of multiple brownfields targets at Gold Duke presents an exciting opportunity to extend the life of mine.
“With open mineralisation, strong gold prices, and near-surface deposits, we are well positioned to unlock further value and drive future growth,” Winn says.
At Bottom Camp, the company says further development drilling is required to assess the total ounce potential and its contribution to the broader project.
Meanwhile, at Joyners Find, further assessments for the open pit and underground mining potential are warranted.
Western Gold adds that both the Bowers Bird and Comedy King deposits have also been flagged for further exploration and evaluation. The company intends to undertake a comprehensive review to determine their development potential.
Western Gold Resources wholly owns the Gold Duke Project, a prospective brownfields asset located west of Wiluna in Western Australia’s Mid West region.
Write to Aaliyah Rogan at Mining.com.au
Images: Western Gold Resources
