Latest Wa Gold (ASX:WAU) News

WA Gold's reconnaissance drilling at Bullabulling reveals promising gold anomalism within key shear zones, setting the stage for targeted deeper RC drilling later this year.

Small-cap resources stocks led the week, while takeover activity and strong company results added to the gains. Wellnex Life more than doubled, but sharp falls in Trek Metals and Ionic Rare Earths showed that positive news did not always bring buyers.

Materials shares delivered another strong week, led by a 60.61% rise at iTech Minerals and major gains across gold, copper and critical minerals.
Investors rewarded fresh drilling results, larger mineral resources, project approvals and new supply agreements, although several heavily sold stocks showed that early buying did not always last.

WA Gold's latest assays from seven diamond drill holes at Abercromby reinforce the continuity of a high-grade gold system over 500m, underpinning a promising resource development phase.

WA Gold has delivered a robust scoping study for its Abercromby Gold Project, forecasting strong cashflows and low capital costs, while ramping up drilling at both Abercromby and Bullabulling projects with assay results imminent.

WA Gold has completed seven diamond drill holes at Abercromby, advancing its resource definition and feasibility study toward a potential gold mining operation with assay results due this month.

WA Gold has kicked off a 3,680m reconnaissance drilling program at its Bullabulling Project, aiming to test the northern continuation of the Bullabulling Shear Zone adjacent to a 4.5 million ounce gold mine.

WA Gold (ASX: WAU) has pinpointed several high-priority gold targets at its Bullabulling Project in WA’s Eastern Goldfields, setting the stage for a significant drilling campaign starting this month.

WA Gold’s scoping study for its Abercromby Gold Project outlines a staged mining plan with modest A$8 million upfront capital, targeting 114,000 ounces from mostly Indicated Resources and projecting A$270 million pre-tax cashflow.