Australian gold exploration company Wia Gold says drilling at its Kokoseb gold project confirmed existing gold zones, discovered high-grade mineralisation at depth, and identified a new mineralised area in the eastern zone.
Wia Executive Chairman, Josef El-Raghy, said drilling has uncovered 22.2 metres at 2.54 grams per tonne of gold, 20.9 metres at 1.53 grams per tonne of gold and 7 metres at 1.29 grams per tonne of gold in the newly discovered Eastern zone.
“These results continue to build on the exploration success that has seen Kokoseb progress rapidly from a greenfield discovery to the current resource of 2.12Moz. The deposit remains open in all directions, at depth and with the newly discovered mineralisation in the Eastern Zone, there remains significant scope for growth,” he said.
He further explained that aggressive exploration drilling with 3 rigs continues at Kokoseb, targeting additional mineralisation in the Eastern Zone, increasing mineral resources in multiple new subparallel zones of mineralisation and extensional drilling from the current MRE.
“Drilling totalled 9,115m, including exploration drill holes into the broader Eastern and Southern Zones, extensional drill holes at the Gap Zone, with complementary and infill drill holes at the Southern Zone, Gap Zone and Central Zone,” he said.
The Kokoseb Gold Deposit is located in the north-west of Namibia, a country that is a well-recognised mining jurisdiction, with an established history as a significant producer of uranium, diamonds, gold and base metals.
The Kokoseb gold deposit is situated 320km by road from the capital Windhoek. Kokoseb lies in the Okombahe exploration licence, which is held under a joint venture (Wia 80%) with the state-owned mining company Epangelo.
The Okombahe licence is part of Wia’s larger Damaran Project, which consist of 12 tenements with a total area of over 2,700 km2.
