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Wia Gold Unveils High-Grade Gold Discovery at Namibia’s Kokoseb Project

by SAT Reporter
January 15, 2025
in Markets, Namibia
0
Wia Gold Unveils High-Grade Gold Discovery at Namibia’s Kokoseb Project

Wia Gold Limited, an Australian exploration company, has reported significant high-grade gold intercepts from its Kokoseb Gold Project in Namibia. The latest assay results from diamond drill holes KDD001, KDD002, and KDD008 have confirmed the project’s potential, with notable findings including 17.4 metres at 2.70 grams per tonne (g/t) gold, 4.8 metres at 4.38 g/t gold, and 27 metres at 1.67 g/t gold.

The Kokoseb Gold Project is situated within the Okombahe exploration permit, part of Wia’s Damaran Project in central Namibia. This area comprises 12 exploration permits covering over 2,700 square kilometres, held under a joint venture with Namibia’s state-owned mining company, Epangelo.

The recent diamond drilling programme at Kokoseb consisted of 12 holes, with results from the first three indicating substantial gold mineralisation. For instance, drill hole KDD001 intersected 17.4 metres at 2.70 g/t gold from 49 metres depth, including 5.2 metres at 5.91 g/t gold. Similarly, KDD002 returned 4.8 metres at 4.38 g/t gold from 110.9 metres. These findings suggest a robust mineralised system at Kokoseb.

In addition to drilling, trenching activities have further delineated the gold mineralisation. Trench OT009, for example, yielded 27 metres at 1.19 g/t gold, reinforcing the presence of near-surface gold deposits. Moreover, recent soil sampling has extended the Kokoseb gold anomaly by an additional 900 metres on its eastern flank, indicating the potential for a larger mineralised area.

Wia Gold’s Chairman, Andrew Pardey, expressed optimism about the findings, stating that the results from the maiden diamond drilling programme have defined a significant new gold discovery in Namibia, demonstrating the large-scale opportunity at Kokoseb. He highlighted that the project not only exhibits scale, as evidenced by recent soil sampling and in-situ mineralisation intersected in trenches, but also hosts high-grade mineralisation, with all three diamond drill holes returning high-grade gold intercepts.

Looking ahead, Wia Gold plans to undertake a systematic 20,000-metre reverse circulation (RC) drilling programme to further explore and define the extent of the Kokoseb gold discovery. The mobilisation of the first drill rig is anticipated towards the end of June. This extensive drilling campaign aims to systematically test the mineralised zones identified through previous drilling, trenching, and soil sampling, with the objective of delineating a substantial gold resource at Kokoseb.

The Kokoseb Gold Project’s strategic location within the Damaran belt, along key regional structures, enhances its prospectivity. The Damaran Project, encompassing the Kokoseb discovery, consists of 12 tenements with a total area exceeding 2,700 square kilometres. This extensive landholding provides Wia Gold with a significant exploration footprint in a geologically favourable region for gold mineralisation.

Wia Gold’s exploration strategy in Namibia has been one of progressive acceleration, with significant momentum gained through recent drilling successes. The company’s systematic approach, combining diamond drilling, RC drilling, trenching, and soil sampling, has been instrumental in advancing the Kokoseb project from a promising anomaly to a significant gold discovery.

The partnership with Epangelo, Namibia’s state-owned mining company, underscores Wia Gold’s commitment to collaborative development and local engagement. This joint venture not only facilitates resource sharing and expertise but also aligns with Namibia’s objectives of sustainable mineral resource exploitation and local beneficiation.

As Wia Gold progresses with its exploration and drilling programmes at Kokoseb, the company remains focused on unlocking the full potential of this significant gold discovery. The forthcoming 20,000-metre RC drilling campaign is expected to provide further insights into the scale and grade of the mineralisation, paving the way for future resource estimation and development planning.

In summary, Wia Gold’s recent high-grade assay results from the Kokoseb Gold Project highlight the project’s potential as a major gold discovery in Namibia. The company’s systematic exploration approach, strategic partnerships, and commitment to extensive drilling programmes position it well to advance the Kokoseb project towards resource definition and potential development.

Tags: Damaran Projectdiamond drillingEpangelogold discoverygold explorationhigh-grade interceptsKokoseb Gold ProjectNamibiareverse circulation drillingWia Gold Limited
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