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EVOLUTION MINING LIMITED Regulatory Filings 2002
64885_rns_2002-12-16_39038007-a053-43a7-8624-3b2b238107eb.pdf
Regulatory Filings
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WESTONIA MINES LIMITED
FACSIMILE No. of Pages $: 4$ (Please advise by return facsimile if any part of this transmission failed or was misdirected.) (Incl. cover page) Company Announcements Office AUSTRALIAN STOCK EXCHANGE To ÷ Australian Stock Exchange Limited Manager, Companies Attention $\mathcal{L}$ WEZ000029 1300 300 021 Facsimile No: From John Hannaford ÷ 17 December 2002 Date t. Subject $\ddot{\cdot}$ DRILL RESULTS
Dear Sir,
Please find attached announcement from the Directors of Westonia Mines Limited for immediate release to the market.
Yours sincerely,
- a
JOHN A. HANNAFORD Company Secretary
WESTONIA MINES LIMITED
17 December 2002
The Manager Company Announcements Platform Australian Stock Exchange Limited Level 10, 20 Bond Street SYDNEY NSW 2000
Dear Sir / Madam
Westonia Mines Limited announces gold drill intersections of interest from its Westonia Project. The combined reverse circulation and diamond drilling program has been undertaking infill drilling and testing both along strike and below the pit which was designed for the Stage One Feasibility Study.
The better assays are tabulated below, and the extent of the program and the orientations of the holes are indicated on the accompanying plan.
| Hole Number | Downhole Interval (m) |
Drilled Thickness (m) |
Gold Assay (g/t) |
|---|---|---|---|
| WRC 973 | $170 - 176$ | 6 | 4.0 |
| * WRC 974 | $212 - 220$ | 8 | 8.8 |
| ** WRC 986 | 148 – 152 | 4 | 48.2 |
| WRC 988 | $134 - 136$ | $\overline{2}$ | 7.5 |
| ** WRC 991 | $44 - 54$ including |
10 | 8.2 |
| $44 - 48$ | 4 | 17.8 | |
| WRC 992 | $68 - 70$ | $\overline{2}$ | 7.0 |
| WRC 995 | $58 - 60$ | $\overline{2}$ | 6.2 |
| * WRC 996 | $58 - 72$ | 14 | 2.1 |
| WRC 997 | 180 – 186 | 6 | 4.9 |
| WRC 998 | $128 - 130$ | $\overline{2}$ | 13.8 |
| WRC 998 | $216 - 218$ | $\overline{2}$ | 16.9 |
* Provisional Assay
** Previously reported as a Provisional Assay
The Company has previously announced that the Stage One Study indicated the Project has positive economics at an AUD 575 per ounce gold price and that it expects to be producing gold at a rate of 70,000 ounces/year in about 12 months time.
The second and final stage of the Study is to bankable standard and will be completed by the end of the first quarter of 2003. RSG Global will be incorporating all of the new drill results into a new estimation of Project gold resources and into an optimized pit design and estimation of mineable reserves therein as part of the Study.
Any of the new mineralized intersections which lie beyond that pit design will be assessed from the viewpoint of eventual access from the established decline, which has a current depth of 260m.
Enquiries should be directed to the undersigned and readers are encouraged to register on the Company's website (www.westoniamines.com.au) for automatic receipt of information.
Released for and on behalf of Westonia Mines Limited
pp Jsm a H
Andrew Drummond Managing Director
Competent Person Declaration
The information on mineralization in this report accurately reflects information prepared by competent persons (as defined by the Australasian Code of Reporting of Identified Mineral Resources and Ore Reserves). It is compiled by A.J. Drummond, an employee of the Company who is a Fellow of The Australasian Institute of Mining and Metallurgy with more than five years experience in the field of activity in which he is reporting.
