Gold and base metal explorer Westgold Resources Ltd
(ASX:WGR) has come out of a trading halt today after last night announcing that drilling results at its Rover project in the Northern territory has revealed another gold bonanza.
The Rover project is located 100 kilometres south west of Tenant Creek in the Northern Territory.
The results showed a seven metre intersection that graded 185 grams of gold a tonne.
Westgold says the stunning results were accompanied by high-grade copper intervals of three metres at 3.6 per cent copper.
Managing director Andy Beckwith says the results reinforce the significance of the Western Zone discovery at Rover and highlight the presence of a classic Tennant Creek style high-grade copper, gold zone in this area.
Mr Beckwith says the bonanza gold zones in these Tennant Creek iron oxide copper/gold systems are small targets but fantastically rich, and that it now appears the company has found two within the Rover system.
Westgold Resources posted a loss in 2008.
