WGX westgold resources limited.

Ann: Great Fingall Deeps - Outstanding Drill Results Continue, page-6

  1. 12,534 Posts.
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    Ok... so if I had been reading the prior announcements with a magnifying glass, I would have noted that the WGX Geo team already believed that the past estimation of the extension of Great Fingall could have been off the mark.

    This from the initial drilling program back in 2022 (17th Oct). Just to be clear, WGX has not announced to the market any future guidance outside FY2023 in terms of ounces p.a.

    https://hotcopper.com.au/data/attachments/5294/5294448-653c3e9ba24b4581e58973fcd18cf4e8.jpg
    Looks to me like both their initial objectives have already been reached (with mineralisation extending and having two reefs with high grades....

    https://hotcopper.com.au/data/attachments/5294/5294453-573a8d3e7296a3ea54b5b15879d4b1fa.jpg
    This from March 27th. Basically 500-600m beneath the current MRE.... or potentially double the current MRE (of 304k,.. that is pure speculation on my part)

    https://hotcopper.com.au/data/attachments/5294/5294469-174119159fd60dbd1129addac8367dfe.jpg
    https://hotcopper.com.au/data/attachments/5294/5294465-266f382fdf5aa348c44df95d4a273a64.jpg

    And this drill hole back in 2019.... showed that Great Fingall, deserves the name.

    https://hotcopper.com.au/data/attachments/5294/5294478-8010331a7f3f4de1928ca7dec98b0006.jpg
    10+ years of mining could be just the start.
    From 2020, 2022 and now 2023.
    https://hotcopper.com.au/data/attachments/5294/5294494-491ba567c0b59a6210e5aa702f7c985c.jpg
    Again, back in 2020, they hoped to add.... perhaps 70-100k ounces (ore grades of just 4-5g/t).
    Pretty sure the drilling is showing better grades than that. Plus... the reefs are further extended.

    https://hotcopper.com.au/data/attachments/5294/5294502-56b7e4e8d5a67f2f21b43c52a0150774.jpg

    Basically... we are waiting for the updated MRE in early June.
    With an investment decision in July.

    When WB says the prize is worth the effort... I think he is right. This back from Jan 2020.....

    https://hotcopper.com.au/data/attachments/5294/5294545-6cbfea01eafb237817e95a5e2b3067c2.jpg

    Moving fast to ensure that FY2024 is indeed a year of growth for this revitalised company.
    If they can double the mine output as compared to their initial plan for Great Fingall, they are going to have close to 2mtpa from Big Bell and Great Fingal alone!
 
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