Wia Gold bumps up gold MRE at its Namibian project

Wia Gold has revised its Mineral Resource Estimate (MRE) for its Kokoseb deposit, which forms part of the Damaran gold project in Namibia – bringing the new estimate to a high of 66 million tonnes (Mt) at 1.0 g/t Au for 2.12 million ounces (Moz).

The Kokoseb deposit’s size aligns well with other gold projects in Namibia, either in production or development stages.

All of this aside – Namibia is renowned as a favorable mining jurisdiction, known for its production of uranium, diamonds, gold, and base metals. With political stability, robust infrastructure, and a supportive mining environment, the country is conducive to mining activities.

“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 program leading to rapid resource growth at an extremely low discovery cost per ounce,” Wia’s Chairman, Andrew Pardey said.

This updated MRE sets a solid foundation for Wia Gold’s future plans to develop a low-cost open-pit gold mine at Kokoseb. The Company is optimistic about the potential for further exploration and development of this significant asset within Namibia’s thriving mining landscape.

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