Westgold is pleased to announce that, in line with the development strategy for the Central Murchison project, a review of the assets commenced in June and an RC drill rig mobilised to site in late August. The rig is currently drilling shallow open pit targets capable of supporting the existing high grade underground reserves.
In preparation for moving forward with development studies, Westgold has spent the past year upgrading a significant portion of its predominantly Inferred Rover 1 resource to the Indicated category, to enable mining reserve estimates to be completed. In addition, Westgold has continued to drill test the main mineralised zones at Rover 1 down [...]
Westgold advises that it has restructured its Board to reflect the Company's focus on development and production from its Northern Territory and Western Australian gold projects. Mr Scott Huffadine has been appointed as the new Managing Director with immediate effect. Mr Huffadine is a Geologist (BSc. (Hons)) with over 18 years' experience in the [...]
Westgold has received further encouraging high grade gold results from Jim's Find prospect, located approximately 1km east of the previously mined City of Chester open pits confirming a new mineralised shear occurs in this poorly drill tested area. Results show the strong gold mineralisation increases in grade within the fresh bedrock beneath near [...]
Aragon Resources releases following announcement regarding Westgold Resources takeover offer. Dear Aragon securityholder, As you are aware, on 7 February 2011 Westgold announced off-market takeover offers in respect of the securities of Aragon Resources, extending to:
Aragon Resources advises that on 21 February 2011 it received a copy of Westgold Resources 's Bidder's Statement under their proposed off-market takeover bid. A copy of the Bidder's Statement was released to ASX on the same date.
+1900,00 %
-54,55 %