Wia Gold Expands Exploration and Secures Funding for Kokoseb Gold Project in Namibia

Wia Gold has expanded exploration activities at its Kokoseb Gold Project in Namibia and secured funding of A$30M. In Côte d'Ivoire, significant gold intercepts have been recorded in the Bouaflé Project, and an infill Auger program has commenced at the Issia Gold Project. The company aims to advance projects towards feasibility studies.

Wia Gold Limited, an Australian-based gold exploration company, has recently announced significant developments in its exploration activities across its projects in Namibia and Côte d'Ivoire. The company has secured funding of A$30 million and is advancing its projects towards feasibility studies [1].

In Namibia, Wia Gold's Kokoseb Gold Project is located in the politically and socially stable country, which is a leading African mining jurisdiction [1]. The project lies within the Okombahe Exploration Licence, held under joint venture by WIA (80%) and the Namibian state-owned mining company, Epangelo. The area is underlain by neo-Proterozoic metasediments of the Arandis, Karibib and Kuiseb Formations of the Swakop Group [1]. Gold mineralisation is found in the Kuiseb Formation metasediments, which are extensively intruded by granites and mafic dykes [1].

The Kokoseb gold deposit lies within the Northern Central Zone of the Pan-African Damaran Orogenic Belt and is characterized by a domal feature cored by a post-tectonic leucogranite [1]. Gold mineralisation wraps around this pluton in a roughly arcuate form of 3km diameter [1]. The company aims to advance this project towards feasibility studies, leveraging the country's well-developed infrastructure and its history as a major producer of uranium, diamonds, and base metals [1].

Simultaneously, in Côte d'Ivoire, Wia Gold has recorded significant gold intercepts in the Bouaflé Project and has commenced an infill Auger program at the Issia Gold Project [1]. The company aims to advance these projects towards feasibility studies as well.

These developments demonstrate Wia Gold's commitment to exploring and advancing its projects in Namibia and Côte d'Ivoire. With a strong focus on exploration, the company aims to unlock the potential of these projects and contribute to the growth of the gold mining industry in these countries.

References:

[1] Wia Gold. (2023). Kokoseb Gold Project, Namibia. Retrieved from https://wiagold.com.au/kokoseb-gold-project-namibia/