Wia Gold Limited (ASX: WIA) (Wia or the Company) is pleased to report the final results from twelve reverse circulation (RC) drill holes - KRC013 to KRC024 - completed at the Kokoseb Gold Project (Kokoseb), situated on the Company's Damaran Gold Project located in Namibia. These drill holes are located on the western flank of the anomaly (the western trend), with the best results including:

Wia's Chairman, Andrew Pardey, commented: 'We are pleased to again report these latest RC drilling results from Kokoseb that include significant gold intercepts and define several high-grade mineralised zones on the western trend of the gold anomaly. Every drill hole completed to date along the anomaly has intersected gold mineralisation, which remains open at depth and along strike.' 'The total proven mineralised strike has now reached 2.6km with the addition of these latest results. Drilling is continuing to progress the strike extension towards the south, with further results expected in December.' 'With such a continuous and significant (in terms of grade and width) mineralised trend, Kokoseb is a special discovery that has the scale to be a major gold project in Namibia.

RC drilling continues to extend the mineralised trends at Kokoseb

These latest results are from drilling located on the western trend of Kokoseb, under and between previous diamond holes KDD001 to KDD006 and Trenches OT001 to OT003 and OT009 (Figure 1). Every drill hole intersected gold mineralisation, from surface to 150m vertical depth, along a total continuous strike of 1.2km (the western trend), with the total length of mineralised strike now standing at 2.6km. The drill rig is currently progressing towards the south, testing the southern trend between KDD001 and KDD009.

KRC024 is drilled on section with diamond holes KDD001 and KDD002 and Trenches OT001 and OT002 (Figure 2). The drill hole trace has deviated from expectations while drilling, finally intersecting the mineralised zone some 15m under the mineralised intercepts of KDD002 (instead of the targeted 50m spacing). This downhole deviation has however confirmed good continuity in the high-grade mineralised zone on the section, correlating both the intercepts returned by KDD002, of 4.8m at 4.38 g/t Au and 2.7m at 2.37 g/t Au with the current intercept of 9m at 4.71 g/t Au - this intercept includes a sample which is not yet finalised at laboratory. KRC024 includes the following intercepts

Contact:

Andrew Pardey

Chairman

T: +61 8 9381 5686

Competent Person's Statement

The information in this announcement that relates to exploration results at the Kokoseb Gold Project 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 WiaGold 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

About Wia's Namibia Projects

Since 2018 the Company has successfully consolidated a very large land position on the Damaran belt in central Namibia (the Damaran Project), which is strategically located along key regional structures. The Damaran Project consists of 12 tenements with a total area of over 2,700km2 held under joint venture with the state-owned mining company, Epangelo and a local Namibian group

(C) 2022 Electronic News Publishing, source ENP Newswire