Westgold Resources Ltd.

Published : July 02nd, 2009

Rover 1 Progress Update

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Westgold Resources Limited (ASX: WGR)

ASX RELEASE                                                                                                        2 JULY 2009

 

Rover 1  Progress Update

Westgold provides the following progress update on drilling at the Rover 1 (Cu-Au) deposit, located in the Northern Territory approximately 80km south west of Tennant Creek.

 

The 2009 drill programme is progressing well with two diamond core rigs now operating at Rover 1. A total of 30 RC (Reverse Circulation) precollars for 6,698metres and 11 diamond tails for 3662 metres have been completed to date.

 

The objectives of the programme are to continue step out drilling of the known high grade copper and gold zones discovered during the 2008 programme and to test for new zones elsewhere along the 800 metre magnetic target.

 

Results for the first six diamond holes have been received and importantly show significant extensions of high-grade copper in WGR1D024-1 (new result) and the discovery of a new zone of IOCG mineralisation to the west in WGR1D018 (previously reported).

 

 

WGR1D024-1                       105m @ 1.6% Cu, 0.2g/t Au, 1.6g/t Ag, 0.14% Bi, 0.13% Co from 368m.

 

including          27m @ 4.8% Cu, 0.6g/t Au, 3.5g/t Ag, 0.02% Bi, 0.34% Co from 429m

 

 

WGR1D018               18m @ 1.2% Cu, 0.7g/t Au, 3.1g/t Ag, 0.15% Bi, 0.15% Co from 536m

 

including          8m @ 1.6% Cu, 1.2g/t Au, 4.9g/t Ag, 0.23% Bi, 0.19% Co from 542m

 

 

The high grade copper mineralisation intersected in WGR1D024-1 is located approximately 70m vertically above the previously defined high grade copper and gold zone discovered in 2008 and represents a significant vertical extension to the known mineralisation.

 

Additionally, the new western zone of mineralisation is an important development in the Rover 1 deposit. This mineralisation is located approximately 250m west of the known high grade copper and gold zone and provides another prime focus for the drilling programme. Accordingly, the second diamond rig is now drill testing for extensions of this new zone.

 

Results of the other drill holes have confirmed mineralisation although with generally moderate grade Cu-Au mineralisation around the known high grade copper and gold zone. Drill hole WGR1D014 suggests local structural complexities occur at the eastern margin of the currently defined mineralisation. Detailed structural and geophysical analysis is underway to understand the implications on the local geology and mineralisation in this more complex area.

 

Significant results of the 2009 drill programme are listed in Table 2 with hole locations provided in Table 1.

 

Westgold expects to be in a position to provide a further update on progress at Rover 1 in the June Quarterly Report due for release late in July.

 

Table 1      Drillhole Location Data

Hole_ID

Northing (m)

Easting (m)

Dip

(degrees)

Azimuth

(degrees)

Depth start (m)

Depth final (m)

Comments

WGR1D013

7787620

359645

-65

0.2

0

615

Significant Cu results

WGR1D014

7787660

359685

-65

0.2

0

586

No significant results

WGR1D018

7787680

359160

-65

4.2

0

568.5

New ?western? zone discovery hole

WGR1D019-1

7787625

359535

-68

3.7

0

622

Low grade copper mineralisation

WGR1D023

7787610

359360

-65

354.7

0

642

Moderate copper mineralisation

WGR1D024-1

7787700

359500

-65

354.7

0

555

High-grade copper mineralisation

Co-ordinates in GDA94, Zone 53

 

 

Table 2      Significant Results for 2009 Drill Programme

Hole_ID

Interval (m)

From (m)

Cu %

Au g/t

Bi%

Co%

Ag g/t

WGR1D013

52

446

0.72

0.07

0.02

0.04

0.8

including

12

446

1.7

0.06

0.01

0.02

0.9

 

17

503

0.44

0.19

0.01

0.05

1.0

WGR1D018

53

446

0.5

0.03

0

0.2

0.7

including

8

480

1.2

0.09

0

0.06

1.1

 

18

536

1.2

0.7

0.15

0.15

3.1

including

8

542

1.6

1.2

0.23

0.19

4.9

WGR1D019-1

9

520

0.37

0.36

0.02

0.08

1.1

 

24

578

0.24

0.14

0.01

0.01

30.8

WGR1D023

26

514

0.85

0.4

0.03

0.12

0.6

 

8

531

1.4

0.1

0.04

0.04

0.9

WGR1D024-1

105

368

1.6

0.2

0.14

0.13

1.6

including

27

429

4.8

0.6

0.02

0.34

3.5

Intercept Notes

Assays based on a nominal 1 metre sample of cut half NQ and HQ core.

Analysis of gold by 30g Fire Assay, AAS Finish other metals by Four Acid Digest, ICP-AES Finish.

All intersections are reported using uncut upper assays

All intersections reported are downhole lengths.

 

 

 

Andrew Beckwith

Managing Director

 

Please direct enquiries to:

 

Andrew Beckwith

Westgold Resources Limited

Telephone: (08) 9326 5700

 

Alternatively

 

Nicholas Read

Read Corporate

Telephone: (08) 9388 1474



The information in this report that relates to exploration, mineral resources or ore reserves is based on information compiled by Mr Andrew Beckwith (B.AppSc.) who is a full time employee of Westgold Resources Limited, is a member of the AusIMM.   Mr Beckwith has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as described by the 2004 Edition of the ?Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves?.  Mr Beckwith consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

 

 

Westgold Resources Ltd.

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CODE : WGR.AX
ISIN : AU000000WGR8
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Westgold is a gold exploration company based in Australia.

Westgold holds various exploration projects in Australia.

Its main exploration property is ROVER in Australia.

Westgold is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 8.2 millions as of today (US$ 5.4 millions, € 5.0 millions).

Its stock quote reached its highest recent level on September 11, 2009 at AU$ 0.56, and its lowest recent point on September 19, 2023 at AU$ 0.03.

Westgold has 227 933 846 shares outstanding.

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Annual reports of Westgold Resources Ltd.
Annual Report 2007
Project news of Westgold Resources Ltd.
3/28/2011(Rover)Major high grade gold and copper extension to propel develop...
2/3/2011(Rover)New high grade gold lode - Rover 1
5/27/2010(Rover)Rover-1 Drilling Results
4/8/2010(Rover)Extensive Drilling Campaign Commences At Rover
2/23/2010(Rover)Maiden JORC Resource >1Moz (Gold Equivalent)
10/2/2009(Rover)Rover 1 Resource Potential Significantly Increased
9/3/2009(Rover)Rover 1 - Western Zone 139m Copper-Gold Intercept Expands P...
7/2/2009(Rover)Rover 1 Progress Update
6/9/2009(Rover)Rover 1 - Drilling Update
2/26/2009(Rover)Metals X Underwrites $5.6M Rights Issue to Kickstart Additio...
8/29/2008(Rover) Another Bonanza Gold Intercept from Rover 1, Northern Terri...
6/30/2008(Rover)Rover 1 Drilling Update - Further High Grade Gold Intercepts
6/4/2008(Rover)Outstanding Start at Rover 1
Corporate news of Westgold Resources Ltd.
5/11/2011Strong Drilling Results Continue at Central Murchison Projec...
2/22/2011Lodges bidder's statement for Aragon as next step to transfo...
2/7/2011Announces takeover for Aragon to create 3Moz gold-copper com...
3/9/2010AngloGold-Rover 1 Clawback
1/28/2010Quarterly Report to 31 December 2009
10/30/2009Quarterly Report To September 30 2009
7/30/2009June 2009 Quarterly Report
12/19/2008Voted "Explorer of the Year" for 2008
7/30/2008June 2008 Quarterly Activities Report
6/24/2008Explorer-108 (Pb-Zn-Ag) Update
4/24/2008Quarterly Activities Report
4/1/2008to Raise $5.1M to Underpin Rover Drilling & Exploration
1/31/2008December 2007 Quarterly Activities Report
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