WPG Resources hits massive gold strike at Tarcoola project in South Australia

Image: WPG

WPG Resources has struck a 607.75 grams per tonne (g/t) gold intersection from infill drilling at the Perseverance pit, part of the company’s Tarcoola project in South Australia.

The Tarcoola mine officially opened in December 2016 with an initial mine life of two years. Initial pit exploration drilling last December confirmed assay results of up to 67.68g/t gold, a figure already indicative of strong potential, so this latest discovery is a significant boost for WPG, which has seen its ASX share price rise 80 per cent as a result.

The current round of mining at Tarcoola will take place from February to June 2018. WPG also owns the Challenger mine in SA, which has been in operation under various owners since 2002.

The 607.75g/t result was returned from a 1 metre interval grading that was part of a larger 11m grading returning 73.31g/t gold; other drill sections included 5m at 53.59g/t gold, 19m at 26.47g/t gold and 13m at 21.94g/t gold.

“A lot of time and effort has been spent in developing the Tarcoola mine and completing the push back late last year,” said WPG chairman Bob Duffin.

“We are now moving into an extended period of significant increases in both tonnages and grade of ore to be delivered to Challenger, and Tarcoola will shortly become a significant contributor to production whilst we open up Challenger deeps for systematic exploitation.”

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