Wia Gold Limited (ASX: WIA) (Wia or the Company) is pleased to report assay results from five (5) diamond drill holes - KDD018 to KDD022 - and three (3) diamond tails (drilled after RC pre-collar) - KRD132, KRD145 and KRD146 - completed at its Kokoseb Gold Deposit (Kokoseb) in Namibia.
The NW Zone continues to deliver strong, coherent intercepts of gold mineralisation at the base of and up to 100m down-dip of the current Mineral Resource Estimate (MRE) boundaries for Kokoseb, including 20.5m at 1.48 g/t Au in KRD146, 28.8m at 1.51 g/t Au in KRD145, 25.5m at 1.33 g/t Au in KRD132 and 21.8m at 1.61 g/t Au in KDD020. These shoots remain open at depth. At the Central Zone, drill hole KDD022 successfully linked the previously reported high-grade intercept in drill hole KRC086 (37m at 9.46 g/t Au from 291m5 ) with shallower mineralisation showing an intersected zone of 68.5m at 1.13 g/t Au from 221.9m (unconstrained intercept), which includes 18.3m at 1.51 g/t Au and 8.0m at 2.64 g/t Au. Diamond drill hole KDD021 has confirmed the previously interpreted Southern Zone plunging shoot, intersecting mineralisation including 26.0m at 2.18 g/t Au. Four drill rigs (two RC and two diamond) continue drilling at Kokoseb, with the focus on completing the current round of drilling to support an update of the existing MRE in the coming months. One of the RC drill rigs has now commenced shallow extensional drilling test programs along the regional thrust located on the southern side of Kokoseb.
Wia's Chairman, Andrew Pardey, commented: 'Of the eight diamond drill hole results reported here, six of them include an intercept between 18 and 29 meters thick at +1.3 g/t gold. They all confirm current geological interpretations with strongly mineralised and continuous shoots at Kokoseb. These results represent yet another growth drilling success from the current program. They are expected to significantly further extend the current MRE model at Kokoseb, again building optimism for a substantial increase in the current MRE to be delivered in coming months.'
Diamond drilling is used at the NW Zone with two different objectives: firstly to accurately target specific areas of the mineralised zones and so gain detailed structural information of the geological architecture - this is achieved by coring from surface (KDD drill holes) - and secondly to systematically drill the interpreted depth extensions of the main mineralised shoots where water in structures is preventing the RC drilling to be completed - this is achieved by drilling RC pre-collars, followed by diamond tails (KRD drill holes). Drilling results from KRD132, KRD145 and KRD146 have returned strong and very coherent mineralised intercepts, located at the base of and well below the current MRE, where the model was previously constrained by a lack of drilling. Significant mineralised intercepts include:
Diamond drill hole KDD020 was completed under drill hole KRC164, which has previously returned an exceptional intercept of 45m at 2.09 g/t Au from 222m 4. KDD020 has gone through the two zones of mineralisation, the Northern Zone and the Central Zone, which are merging in the area called the NW Zone, returning the following significant intercepts
Central Zone depth drilling returns thick, high-grade extensional intercepts
The Central Zone extends along approximately 900m strike between the Western Zone and the Northern Zone. Most of the drilling completed post the maiden Kokoseb MRE has been focused at the base or below the Inferred resource model, including a specific target in the area of drill hole KRC086 (which previously returned 37m at 9.46 g/t Au from 291m). 5 The area has returned mostly high-grade and/or strong gold mineralised intercepts showing its potential to significantly extend the depth of the MRE in the planned upcoming update. Drilling at the Central Zone remains a focus to understand the geological controls of its mineralised shoots. Diamond drill hole KDD022, which is drilled up-dip of drill hole KRC086, has returned an unconstrained mineralised intercept of 68.5m at 1.13 g/t Au from 221.9m - located at approximatively 200m vertical depth. This intercept includes several barren granitic dykes along with the following significant high-grade intercepts:
Southern Zone mineralised shoot confirmed by diamond drilling
The interpretation of the Southern Zone strongly mineralised plunging shoot is now confirmed after completion of diamond drill hole KDD021. This drill hole has targeted the core of the shoot where samples have returned an unconstrained mineralised intercept of 89m at 1.02 g/t Au from 150.0m. This mineralised intersection includes the following significant intercepts
Competent Person's Statement
The information in this announcement that relates to exploration results at the Kokoseb Gold Deposit located on the Company's Damaran Gold Project is based on information compiled by Company geologists and reviewed by Mr Pierrick Couderc, in his capacity as Exploration Manager of Wia Gold Limited. Mr. Couderc is a member of both the Australian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Couderc consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.
Reference to previous ASX Announcements
In relation to previously reported exploration results included in this announcement, the dates of which are referenced, the Company confirms that it is not aware of any new information or data that materially affects the information included in those announcements. In relation to the information in this announcement that relates to the Mineral Resource Estimate for the Kokoseb Project that was first reported on 15 May 2023, other than subsequently released drilling results, WIA confirms that it is not aware of any new information or data that materially affects the information included in that release. All material assumptions and technical parameters underpinning the estimates in that ASX release continue to apply and have not materially changed
About The Kokoseb Gold Deposit
The Kokoseb Gold Deposit is located in the north-west of Namibia, a country that is a well-recognised mining jurisdiction, with an established history as a significant producer of uranium, diamonds, gold and base metals. The Kokoseb gold deposit is situated 320km by road from the capital Windhoek. Kokoseb lies in the Okombahe exploration licence, which is held under joint venture (Wia 80%) with the state-owed mining company Epangelo. The Okombahe licence is part of Wia's larger Damaran Project, which consist of 12 tenements with a total area of over 2,700km2 . A maiden Inferred Mineral Resource Estimate of 1.3Moz at 1.0 g/t Au, at a cut-off grade of 0.5 g/t Au, including a higher-grade gold portion of 0.72 Moz at 1.5 g/t Au using a cut-off grade of 1.0 g/t Au, was first announced on 15 May 2023, 11 months after the discovery holes and at a discovery cost of US$2/oz.
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WIA GOLD LIMITED 
