Ann: High Grade Gold Intercepts at South Fingall , page-6

re: Ann: High Grade Gold Intercepts at South ... Not at these levels , even a rights issue wouldn't make them expensive compared to their neighbour.

from mineweb.com

Westgold unearths new gold target near famous Western Australian mine
New life may be breathed into an historic mining centre in the Murchison region of Western Australia close to the historic Great Fingall gold mine.
Author: Ross Louthean
Posted: Thursday , 03 Nov 2011


PERTH - -
Owner Westgold Resources Ltd (ASX: ) said today that drilling on the South Fingall prospect near the old mine had produced a series of significant intersections - showing scope for some quartz lode structures in the footwall of the old mine system.
Drill hits included 3 metres grading 16.09 grams/tonne gold from 43m; 6m @ 9.54 g/t including 2m @ 25.95 g/t from 37m; and 3m @ 10.77 g/t Au from 24m.
Managing director Scott Huffadine said the area was previously subjected to wide-spaced drilling, with a small open-pittable resource of 65,000 tonnes @ 3 g/t defined.
"Interpretation of the new and previous drilling from this area indicates a mineralised strike-length of 600 metres. The area now shows considerably more open pit potential, and that a larger resource may be defined," said Huffadine.
He said drilling has shown there appears to be an increase in grade within the vein structure at depth, which remains open.
"The results present real potential for additional high-grade material which could be accessed in conjunction with the company's development strategy for the re-start of underground mining at the Great Fiingal and (nearby) Golden Crown lodes," he added.
The Great Fingall reef system has historically produced 1.2 million oz of gold at an average grade of 19.5 g/t Au, and the system was known to continue to a depth of at least 1 km.
Great Fingall is part of the historic Day Dawn goldfield near Cue and is 25 km east of Westgold's Central Murchison Gold Project processing facilities at Big Bell, another major historic mining centre in the region.
Westgold's accelerating exploration programme in the Murchison is seeking to establish a resource of 2 M oz for the Big Bell processing facility.