WIN Metals (ASX:WIN) has boosted its JORC-indicated mineral resource for the Butchers Creek gold project in the East Kimberley by 86% – a “really, really important” windfall that now sets WIN up to explore mining options.
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WIN MD Steve Norregaard told HotCopper this latest estimate now places Butchers Creek at “around 360,000 ounces [of gold]” with around 320,000 in aggregate.
“What is really, really important is the drilling program we carried out last year was focused on converting inferred low confidence material into high confidence indicated material where we’ve seen this profound jump.”
WIN added another 120,000 ounces of indicated material through these early works.
“We can now put an economic value on the project,” Norregaard celebrated.
WIN heads into Wednesday morning trade selling at 1.4cps.
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