Western Gold Resources (ASX:WGR) began a review of the historical database at the firm Gold Duke gold project in Western Australia and identified opportunities to extend the project's life of mine, according to a Thursday Australian bourse filing.
The drill results are outside the proposed optimized pit designs for the Eagle, Emu, Golden Monarch, and Gold King deposits that were included in the Gold Duke project scoping study.
The firm's shares fell 11% in recent trading on Thursday.