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Western Gold Resources Reports Positive Assay Results for Golden Monarch Deposit

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Western Gold Resources Reports Positive Assay Results for Golden Monarch Deposit

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An announcement from Western Gold Resources Ltd. ( (AU:WGR) ) is now available.

Western Gold Resources Limited has announced promising assay results from its Golden Monarch deposit, part of the Gold Duke Project. The results indicate strong grade continuity and alignment with the company’s geological model, enhancing confidence in mine scheduling and project execution. The Golden Monarch deposit is a significant contributor to the project’s ore tonnes and gold ounces, with the latest drilling results reinforcing the predictability of mineralisation. This development de-risks the project further as the company moves towards a Decision to Mine, supported by high-resolution data from a comprehensive drilling program.

More about Western Gold Resources Ltd.

Western Gold Resources Limited (ASX: WGR) is a company operating in the mining industry, focusing on gold exploration and development. The company is engaged in the Gold Duke Project, which includes several prospects such as Golden Monarch, Eagle, Emu, and Gold King, aimed at advancing their mining operations and resource conversion.

Average Trading Volume: 953,189

Technical Sentiment Signal: Buy

Current Market Cap: A$40.27M

See more data about WGR stock on TipRanks’ Stock Analysis page.

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