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Challenger resources increases by 27%

Gold miner WPG Resources has reported a 27% increase in the mineral resource t its Challenger gold mine, in Western Australia, which is now estimated to host a resource of some 1.4-million tonnes, grading 7.6 g/t gold for 334 000 oz.

WPG said on Thursday that the restated resource estimate resulted from a change in the underground cut-off grade from 5 g/t gold to 3 g/t gold, positive drilling results and mining depletion.