WA Gold Limited (ASX:WAU) | High-Grase Gold Confirms Continuity At Abercromby
MarketOpen Trading Titan Podcast - Episode Summary
Today's episode covers WA Gold Limited, ASX ticker WAU, and their Phase 1 assay results from the 2026 resource development drilling program at the Abercromby Gold Project in Western Australia.
What was announced:
WA Gold completed seven diamond drill holes in Phase 1 of its 2026 program. Assay results have been received for all seven holes. Every hole successfully intersected the targeted eastern lode at or near its predicted position, confirming continuity of the mineralised gold system over at least five hundred metres of strike. The system remains open in all directions.
Key drill results include:
Hole 26ABDD003: thirty-one metres at one point one six grams per tonne gold, including nine metres at three point zero seven grams per tonne and two point nine one metres at five point two five grams per tonne.
Hole 26ABDD005: nine point four one metres at two point eight nine grams per tonne, including zero point three eight metres at thirty-five point two one grams per tonne.
Hole 26ABDD006: three metres at five point nine zero grams per tonne, including zero point six one metres at twenty-eight point eight five grams per tonne.
The weighted average grade across the seven eastern lode intercepts was two point six one grams per tonne gold.
What it enables:
The results confirm down-dip continuation below and along strike from the current resource model. WA Gold says the results provide further confidence in the geological model underpinning the Abercromby Scoping Study and support the company's resource development strategy.
What's next:
WA Gold plans to resume diamond drilling during the quarter, with approximately six thousand metres of additional resource development and step-out drilling planned. The company will also complete four to five dedicated geotechnical drill holes to support open pit design and underpin the estimation of a maiden Ore Reserve. Environmental, metallurgical, geotechnical, and mining studies continue in parallel.
Investor significance:
Consistent targeting success across all seven holes validates the geological model and reduces exploration risk. High-grade intercepts within broader mineralised intervals indicate grade concentration. Planned step-out drilling could expand the resource boundary. The geotechnical program represents a direct pathway toward a maiden Ore Reserve, a key milestone in transitioning from exploration asset to mine-development candidate.
Disclaimer: This podcast is for information purposes only. Nothing in this episode constitutes financial advice. Listeners should read the full ASX announcement, conduct their own research, and consult a licensed financial adviser before making any investment decision.