WPG Resources Ltd (ASX: WPG) is pleased to advise that it has completed its 30 June 2017 Mineral Resource and Ore Reserve estimates for Tarcoola prepared and reported in accordance with JORC (2012) guidelines. Highlights include:
The inclusion of an additional 2,000 ounces from the Wondergraph prospect into indicated resource. Mineralisation is near surface (within 10m) and 500m from existing mining operations. Mineralisation at Wondergraph is open along strike in both directions.
Total resource of 87,600 ounces including 13,700 ounces defined as a measured resource
Remaining Ore Reserves of 567,200t at 3.0g/t for 54,300 ounces
The resource model reconciles well to mined physicals and will act as a
detailed planning tool to implement highly selective ore extraction.
Several mineralised structures that are currently being mined, or are proximal to the current open pit are not included in the resource estimation and will form targets for drilling that is scheduled to commence this quarter.
WPG Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
