Wia Gold (ASX: WIA) has unveiled an updated Mineral Resource Estimate (MRE) for the Kokoseb Deposit, situated on the company’s Damaran Gold Project in Namibia.
The updated Inferred MRE for the Kokoseb Deposit is now 66 million tonnes (Mt) at 1.0 g/t Au for 2.12 million ounces (Moz).
The MRE Includes a higher-grade component of 34 Mt at 1.4 g/t Au for 1.53 Moz (0.80 g/t Au cut-off).
“We are delighted to deliver this significant milestone in the Kokoseb journey. That journey began with a greenfield discovery in 2021 and has been followed with a disciplined exploration programme leading to rapid resource growth at an extremely low discovery cost per ounce,” Chairman, Andrew Pardey, said.
“Wia maintains its strong commitment to investing its money ‘in the ground’ and delivering value to shareholders through exploration and development of the exciting Kokoseb deposit and broader gold project portfolio.”
Kokoseb is located in the Okombahe exploration licence (EPL 4818), near the town of Okombahe which is situated approximately 220 km from the Namibian capital of Windhoek.
Kokoseb was first identified in May 2021, by a regional grid soil sampling programme completed over the licence as a first pass comprehensive reconnaissance. This second MRE comes three years after the deposit’s discovery and two years after commencement of drilling.
