Western Gold Resources Ltd. (AU:WGR) has released an update.
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Western Gold Resources Ltd. has released an updated Mineral Resource Estimate for its Gold King deposit, part of the Gold Duke Project in Western Australia, showing increased resource confidence and supporting plans for production. The updated estimate includes a total of 427Kt at 1.91g/t Au for 26,000 ounces of gold, bolstering the project’s economic viability. With a scoping study indicating a potential cash surplus of $38.10 million, the company is progressing towards finalizing agreements for ore processing and mining contracts.
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