300m and much more. Base of the mining got to 750m. Indicated MRE goes from 750-1100m Inferred MRE goes from 1100-1300m Then.. you have hits at 1600m.
Very interesting to note that the remanent ore shown above, is currently not considered... yet another 170k ounces (grades above 8g/t), is exciting as it could potentially pay for the whole development (and more). It also excludes Golden Crown (which potentially has another 200k ounces at grades of around 7g/t). Remanent + Indicated + Inferred = 675,000 ounces MRE. Hopefully this all still proves conservative.
Annoyingly, I can find very little about the current decline down to 170m at Great Fingall. It was done early 2020, then... just disappeared. Though of course, the company almost exclusively focused on Big Bell. Large sunken costs, which bodes well for current economic studies underway.
Just for those that like a little history. WGX acquired 49% of the Day Dawn goldfield back in 2012 for just... a few million dollars.
Just to be clear, Great Fingall has not been mined U/G for over 100 years.
Golden Crown is a much more recent mine.
Finally, from back in mid 2020, WGX implies that development can ben sped up. Plus, at 25,000 per month, at 7g/t, they could produce almost 70k ounces p.a. Could the upcoming study enhance this further....?
WGX Price at posting:
$1.56 Sentiment: Hold Disclosure: Held
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