11:32 AM EST, 11/04/2024 (MT Newswires) -- Westgold Resources ( WGXRF ) late on Sunday reported a "record" drill intercept from the Polar Star Lode at the Bluebird-South Junction mining complex in Western Australia.

The Polar Star Lode drill intercept was 13.71 meters at 18.02 grams per tonne (g/t) gold from 563 meters, including 5.85 meters at 36.37 g/t gold from 567 meters.

The Bluebird-South Junction mining complex continues to extend with multiple intersections from both the South Junction and Polar Star Lodes, including 18 meters at 3.61 g/t gold from 737 meters and 13 meters at 3.65 g/t gold from 385 meters.

"The system remains open and with further drilling Polar Star has the potential to expand mine outputs towards 1.5 (million tonnes per annum)," said Westgold chief executive Wayne Bramwell.

A new resource upgrade for Bluebird-South Junction is pending in November.

The company said there is large potential to extend the Bluebird-South Junction mining complex. As a result, the South Junction drilling program has been extended through the second quarter of 2025.

Westgold's share price at last look were up $0.08 to $2.89 on the Toronto Stock Exchange.

Price: 2.89, Change: +0.08, Percent Change: +2.85