Nagambie Resources (ASX:NAG) Announces Research Findings on Whroo Project
Research Findings
Nagambie Resources Limited (ASX: NAG) announced important research findings for its 100%-owned Whroo Project. The 2022 MDDBC001 drill hole yielded high-grade antimony and gold assays, enhancing the project’s potential. The Whroo Project is the company’s second-most valuable asset, following the Nagambie Mine discovery with a JORC MRE of 322,000 ounces of gold equivalent at 18.6 g/t AuEq.
Future Exploration Plans
Based on insights from the GSV 1877 report, Nagambie plans to drill initial E-W holes under the surface gold mineralisation at Wandean. This strategy leverages the discovery of N-S-striking antimony veins at both Whroo and the Nagambie Mine, which were discovered in 2014.
Executive Comments
Chairman Kevin Perrin stated, “The 1877 GSV report on the Whroo Mines contains very valuable information for our exploration team. The 2022 MDDBC001 drill hole, with its high-grade antimony and gold assays, adds further to the upside of the 100%-owned Whroo Project. Whroo is the Company’s second-most valuable asset after the Nagambie Mine discovery which has a current JORC MRE of 322,000 ounces of gold equivalent (AuEq) at 18.6 g/t AuEq.”
He added, “Our improved knowledge of the N-S-striking antimony veins at both Whroo and the Nagambie Mine have also led our exploration team to consider planning E-W drill holes under the E-W-striking surface gold mineralisation at Wandean, which Nagambie discovered in 2014.”
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