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Westgold Resources Releases Updated Mineral Resource Estimate

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Westgold Resources (WGX.TO) released an updated mineral resource estimate and mineral reserve statement as of June 30 that showed an increase in proven and probable mineral reserves, the company said Thursday.

Proven and probable mineral reserves rose 41% to 4.1 million ounces, with a 15% increase in grade to 2.22 grams per tonne, marking the third consecutive year of reserve growth.

The gold measured and indicated mineral resource estimate was 119 million tonnes at 2.35 g/t gold for 9.0 million ounces. The inferred mineral resource estimate was 75 million tonnes at 2.23 g/t gold for 5.4 million ounces.

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