WIA Gold Limited has announced significant advancements at its Kokoseb Gold Deposit in Namibia, revealing high-grade gold intercepts and new geological insights.
Recent drilling results include 43.1 metres at 1.34 g/t Au, 22.9 metres at 1.89 g/t Au, and 13.2 metres at 1.88 g/t Au, suggesting the mineralisation remains open at depth.
WIA Executive Chairman Josef El-Raghy said a revised geological interpretation indicates two major zones run sub-parallel, promising further resources.
“Kokoseb continues to deliver further significant drilling results as we target a range of strike and depth extension opportunities across the main zones,” he said.
The company’s latest drilling efforts include assay results from nine RC drill holes, three diamond drill holes, and six diamond tails.
El-Raghy said these 18 drill holes, which total 5,529 metres of drilling, are all situated within the resource area but were not included in the recent Mineral Resource Estimate (MRE) update.
“Our current drilling focus is also directed towards increasing classification levels of the existing MRE via further systematic drilling of the shallower mineralisation across these zones. With three rigs in operation at Kokoseb, we look forward to a steady pipeline of drilling results over the remainder of 2024,” he said.
Drilling at Kokoseb has been ongoing throughout 2024, with three rigs (two RC and one diamond) dedicated to expanding the quantity and quality of gold ounces.
Additionally, “drill hole KDD025, located 50 meters south of a previous high-grade site, confirmed continuous gold mineralization with intercepts including 6.9 meters at 2.30 g/t Au and 7.0 metres at 5.35 g/t Au.”
Drill hole KRC194 revealed two significant zones, one with 9 metres at 1.69 g/t Au and another with 18 metres at 1.58 g/t Au.
The Chairman noted that these correspond to the Western ZoneE and the Gap Zone mineralization, which now appear to run sub-parallel rather than merging.
This revised geological interpretation is expected to positively impact further MRE growth locally.
