17 October 2022
RC drilling results delineate a continuous 1.4km strike of shallow gold mineralisation at Kokoseb Highlights
Results received from eleven reverse circulation drill holes at Kokoseb extend shallow mineralisation along strike, including: o
KRC012:
11m at 1.87 g/t Au from 23m 42m at 1.57 g/t Au from 37m
o
KRC009:
6m at 2.43 g/t Au from 23m
o
KRC005:
36m at 1.18 g/t Au from 67m
o
KRC004:
23m at 1.22 g/t Au from 27m
o
KRC003 : 27m at 1.71 g/t Au from 72m
Reverse circulation drilling progressing well, with 24 holes for 4,902 metres completed at the end of September and further assay results expected in the coming weeks
Wia Gold Limited (ASX: WIA) (Wia or the Company) is pleased to report the final results from eleven reverse circulation (RC) drill holes – KRC002 to KRC012 – completed at the Kokoseb Gold Discovery (Kokoseb), situated on the Company’s Damaran Gold Project located in Namibia. Drill holes KRC002 to KRC011 were drilled along 1.4km strike of the northern side of Kokoseb, while drill hole KRC012 is located on the western flank of the anomaly. Best results include 42m at 1.57 g/t Au, 11m at 1.87 g/t Au and 27m at 1.71 g/t Au. At the end of September, 24 RC holes for 4,902 metres have been completed at Kokoseb, the drill rig is currently progressing towards the south on the western flank of the anomaly. Wia’s Chairman, Andrew Pardey, commented: “These latest RC results demonstrate the potential to intersect in-situ significant gold mineralisation under all of the 6km strike outline of the Kokoseb gold anomaly. “RC drilling is quickly progressing the surface reconnaissance along strike, having already validated 1.4km strike length and currently extending the reconnaissance towards the south on the western flank of Kokoseb. Mineralisation intersected to date is open in all directions and at depth. “We look forward to ramping up drilling activity at Kokoseb in 2023 with the addition of a second drill rig, which will focus on infilling and tracing down dip the actual results.” RC drilling unlocks 1.4 km strike at Kokoseb Eleven RC drill holes, KRC001 (previously reported) to KRC011, were drilled on the northern flank of the Kokoseb gold anomaly, which also includes Trench 5 and 6 results and diamond holes KDD007, KDD008, KDD010 and KDD012. The RC drill sections were spaced at 100m intervals on the western margin, around Trench 5 and then spaced at 200m intervals towards the east. At this stage, all sections along strike on the eastern side include single holes, the objective of which is to define the in situ mineralised zone before further systematic infill drilling commences. 1202 Hay Street, West Perth WA 6005 T +61 8 9381 5686 E info@wiagold.com.au