"Golden West Resources (ASX: GWR) has reported a 230% increase in Inferred and Indicated gold Resources at its Wiluna West project.
It is located approximately 40km west of the township of Wiluna in the North Eastern Goldfields of Western Australia.
The combined Inferred and Indicated Resources for the Wiluna West project are now 3,478,000 tonnes @ 2.3g/t for a contained 258,000 oz, based upon a 1g/t cut off.
The company's consultant CSA Global believes there is potential for additional discoveries.
Through its wholly owned subsidiary Aureus Gold Limited, Golden West plans to progress the development of a gold mining operation initially focussing on the Golden Monarch deposit and has initiated discussions with nearby potential milling facilities."
Potential for AXM to Toll treat GWR's ore.
Assuming it is oxide ore, AXM focus on mining their own high grade sulphides ore whilst earning a bit on the side from GWR. AXM's current oxide circuit is capable of about 300 - 400 thousands tonnes pa depending on ore type. Based on this assumption it could take years for GWR to get their 260,000 ounces.
If underground can focus on the sulphides and ignore golden age for a while, with a bit of luck they might be able to keep up with the 550 - 650 thousand tonnes pa sulphides circuit.
Good luck Apex and it's holders.
AXM Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
