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WPG Resources Granted Mineral Claim Over Tunkillia Gold Project

WPG Resources (ASX:WPG) has been granted registration of its Mineral Claim 4384 over 2,251 hectares for the Tunkillia gold project, clearing the way for the Mineral Lease application.

Preparation of a Mineral Lease Proposal document is well advanced for lodgement with the South Australian Department of State Development.

In March, it secured 100% of ELs 4812 and 4495 after completion of transaction with Helix Resources (ASX:HLX).

It has also identified 14 prospects for priority exploration follow-up from a total of 33 targets generated from a major review of historical data.

Two of these prospects have been scheduled for imminent drilling.

Tunkillia Gold Project

Tunkillia is a blind orebody with no prior production that was discovered by Helix in 1996.

It has a current resource of 12.3 million tonnes at 1.41 grams per tonne gold.

Production of 50,000 ounces per annum is targeted for 2018.

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