Wia targets high-grade gold zones at Kokoseb

Wia Gold Limited has reported positive assay results from 118 reverse circulation and 27 diamond drill holes, totalling 26,845 metres, at its 2.93-million-ounce Kokoseb Gold Project in north-western Namibia, confirming the potential to expand the existing open-pit resource and define future underground targets.

The company said the results continue to demonstrate Kokoseb’s strong mineral potential and align with its long-term development plan.

“The latest drilling results from Kokoseb demonstrate the potential to expand the existing open-pit resource, as well as build confidence in the ability to define a future underground resource,” Wia Gold Executive Chairman Josef El-Raghy said.

Wia said it currently operates five diamond and one reverse circulation drill rig at the site. Work in the Central Zone is focused on defining high-grade plunging shoots below the scoping study pit shell and extending known mineralised zones to support underground resource estimation.

The company said exploration is also ongoing on shallow, sub-parallel high-grade shoots located outside the current mineral resource estimate.

The KRC3316 shoot, which extends beyond the existing model, has been identified as a key exploration area, with structural analysis underway to guide further drilling.

Wia said understanding these sub-parallel high-grade zones could provide valuable insights for discovering additional concealed mineralised bodies within the broader Kokoseb system.

The company said it expects to complete a Definitive Feasibility Study (DFS) by the second half of 2026 as part of its growth and de-risking strategy for the project.

The Kokoseb Gold Deposit lies approximately 320 kilometres northwest of Windhoek, within the Okombahe exploration licence area.

The licence forms part of Wia’s 80% joint venture with state-owned mining company Epangelo under the larger Damaran Project, which spans 12 tenements covering more than 2,700 square kilometres.

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