The Wiluna West Gold Project refers to the gold located on GWR's Wiluna West tenements.
GWR has a total gold 2004 JORC Code compliant Resource Estimate for the Wiluna West gold deposits of 3,478,000 tonnes @ 2.3g/t Au for an estimated 258,000 oz Au at a 1g/t cut off. This includes an Indicated Resource estimate of 46,000 tonnes @ 3.54g/t Au for 5,200 ounces and an Inferred Resource estimate of 3,432,000 tonnes @ 2.29 g/t Au for 253,000 ounces. (This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.)
The Wiluna West Gold Project is is located only 40km by road from the recently refurbished and operating Wiluna Gold mill, operated by Blackham Resources Ltd (ASX:BLK). GWR and Blackham entered into a MoU on 31 January 2017 for the potential mining and processing of gold deposits at the Wiluna West Gold Project (download a copy of ASX announcement). Under the MoU, GWR will be responsible for defining Mineral Resources to the Indicated category and completing initial metallurgical testwork. Blackham will complete the feasibility study on the nominated deposit and if it is positive, the two parties will agree a timetable for development. The MoU is predicated on an ore sales or profit sharing arrangement, which is to be determined.
Recently GWR have completed a detailed review of all previous exploration results, known gold deposits and re-interpretation of aerial magnetic data (previously modelled and interpreted with the focus on iron ore exploration). Respected insdustry consultants were engaged to re-interpret the magnetic data from a gold mineralisation perspective and this work has identified a total of 60 litho stratigraphic targets of which 23 are rated as high priority. Further work is currently being completed to define priority exploration targets for drill testing.