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Strategies & Market Trends : Winter in the Great White North
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From: teevee5/6/2014 9:48:15 AM
   of 8273
 
more good results from Wafi Golpu....

GOOD PROGRESS AT WAFI-GOLPU

Study work during the quarter continued to evaluate underground

access options and a substantially lower capital expenditure development

option for Wafi-Golpu. Drilling completed at Golpu during the quarter

is expected to have a positive impact on the grade of the upper mining

block due to an increase in the volume of the higher grade hornblende

porphyry compared with the previous estimate. Drilling has also

confirmed continuity of porphyry and high grade mineralisation in the

lower mining block.

Results from two holes were received during the quarter. WR499 was

a long section hole drilled from north to south that confirmed the

northern boundary of the deposit and demonstrated the continuity

of higher grade porphyry mineralisation through and well below the

existing resource. WR504 was a west to east cross section hole that

confirmed the fault structures controlling the distribution of higher

grade in the deposit. These include:

• WR499* – 1,247m @ 1.0g/t Au and 1.2% Cu from 966m, including

560m @ 1.9g/t Au and 2.1% Cu from 1 252m;

• WR504 – 1,369m @ 1.1g/t Au and 1.7% Cu from 399m, including

428m @ 2.2g/t Au and 2.9% Cu from 1 191m.

*Partial result reported last quarter.

The surface drilling program at Golpu is now complete for the 2014

financial year. Results from the last two holes WR499 and WR504 are

being incorporated into a new planning model for integration into

the ongoing study.
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