Western Gold Resources (ASX:WGR) said it received first assay results in raw data format on Sept. 12 for 20 holes of the 1,107 holes planned in its Gold Duke project in Western Australia, according to a Thursday Australian bourse filing.

The company said its grade control and infill drilling program is progressing on schedule, with over 16,000 meters of the planned 35,300 meters completed, representing more than 45% of the total program.

The company added that it is advancing the updated scoping study, which is in the final review stage, and confirmed that all funds have been received and that secured loan agreements have been duly executed in relation to the non-dilutive AU$3 million secured loan facility.

The company's shares fell 14% on market close.