Warriedar Resources

Diamond Drilling Program Expanded and High-Grade M1 Intercept Returned

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to provide an update on drilling progress and assay results from its Golden Range Project, located in the Murchison region of Western Australia (Figure 1).


HIGHLIGHTS:

 
  • Drilling activities along the ‘Golden Corridor’ progressing well; current Reverse Circulation (RC) program complete (28 holes for 5,024m) and diamond tails program expanded to 2,500m (approx. 1,900m complete across 19 holes).
  • Represents the first diamond drilling undertaken at the 2.3km-long Ricciardo deposit, and the nearby M1 deposit, by any operator in ten years.
  • Assay results for the first diamond hole at M1 (infill focus) were significantly higher grade than expected:
    • 8.9m @ 8.93 g/t Au from 156m, incl. 2m @ 23.83 g/t from 158.3m
  • M1 offers clear high-grade extension potential, which is planned to be a focus of further drilling in H2 2024.
  • Diamond holes drilled beneath the Silverstone Central pit (Ricciardo), in an area with no historical drilling, returned:
    • 7m @ 2.59 g/t Au from 229m, incl. 1m @ 10.81 g/t Au from 233.7m
    • 4.6m @ 1.20 g/t Au from 235m
  • Extensional RC drilling under the Eastern Creek pit (Ricciardo) returned:
    • 7m @ 2.54 g/t Au from 170m, incl. 1m @ 7.48 g/t from 172m
    • 9m @ 1.42 g/t Au from 180m
  • Ricciardo and M1 both sit in the 25km-long ‘Golden Corridor’ at Golden Range, which hosts six discrete deposits (18 historic pits) that are all open at depth and possess immediate growth potential.
  • Diamond drilling set to be completed in mid-August, with all assays expected by mid-September and update of the Ricciardo MRE targeted for Q4 2024.
  • Further growth-focussed drilling of the ‘Golden Corridor’ planned for H2 2024.

The results reported in this release are for a further eight (8) of the diamond holes and the first nine (9) of the RC holes drilled in the current program (representing all outstanding results received to date). Results for the first four (4) diamond holes were previously reported (refer WA8 ASX release dated 3 July 2024). The new results continue to demonstrate the outstanding Mineral Resource Estimate (MRE) growth potential that exists at Ricciardo, M1, and along the broader ‘Golden Corridor’ trend.

Figure 1: The Golden Range and Fields Find Projects. Mines and projects within trucking distance of the Warriedar tenure are shown. The location of the Ricciardo deposit within the 25km-long ‘Golden Corridor’ at Golden Range is annotated.

M1 deposit

The M1 deposit is located 7km north of the Ricciardo deposit, and right alongside the existing processing plant (refer Figure 2); within the 25km long Golden Corridor trend.

Initial results have been returned from diamond tails drilled at the M1 deposit, with significant intersections returned in both holes. The holes were planned to test the existing MRE model,

Figure 2: The Golden Corridor within the Golden Range Project. The M1 deposit is located 7km north of the Ricciardo deposit. The image on the LEFT is gravity over shaded residual magnetic RTP.

potential parallel lodes and gaps within the MRE area. This drilling represents the first time this deposit has been revisited and drilled since 2013.

Hole M1RC191 was drilled in the centre of the modelled resource area and returned significantly higher grade than expected (refer Figure 3). This is an excellent result and aids Warriedar in the larger goal of building high-priority MRE areas for rapid development.


Click here for the full ASX Release

This article includes content from Warriedar Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

WA8:AU
The Conversation (0)
Warriedar Resources

Targeted Exploration Focus Delivers an Additional 471koz or 99% Increase in Ounces, and a Higher Grade for Ricciardo

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to report on an updated MRE for its flagship Ricciardo Gold Deposit, part of the broader Golden Range Project located in the Murchison region of Western Australia.

Keep reading...Show less
Warriedar Resources

Continued Delivery of High Grade Antimony Mineralisation at Ricciardo

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) provides an update on its initial review of the antimony (Sb) potential at the Ricciardo deposit, located within its Golden Range Project in the Murchison region of Western Australia.

Keep reading...Show less
Warriedar Resources

Further Strong Extensional Diamond Drill Results from Ricciardo

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) provides further assay results from its Golden Range Project, located in the Murchison region of Western Australia.

Keep reading...Show less
Warriedar Resources

Further Step-Out Gold Success and High-Grade Antimony Discovery

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) provides further assay results from its Golden Range Project, located in the Murchison region of Western Australia. The results reported in this release are for a further 6 of the 27 diamond holes drilled in the current program at Ricciardo (6 holes for 1,102m), as well as 2 diamond tails drilled at M1 and Austin (2 holes for 259m). Results for the first 14 diamond holes of the current program were previously reported (refer WA8 ASX releases dated 3 July 2024, 19 July 2024 and 2 August 2024).

Keep reading...Show less
Warriedar Resources

Infill Drilling of Ricciardo Deposit Delivers Significant Gold Mineralisation

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to provide an update on drilling progress and assay results from its Golden Range Project, located in the Murchison region of Western Australia (Figure 1).

Keep reading...Show less
Joe Cavatoni, gold bars.

Joe Cavatoni: Gold's Key Driver Now, Catalyst for Next Leg Higher

Joe Cavatoni, senior market strategist, Americas, at the World Gold Council, explains that market risk and uncertainty are driving gold, with H1 2025 seeing multiple record highs.

"Think strategically when you think about gold, and keep that allocation in mind," he said.

Keep reading...Show less
Falco Resources President and CEO Luc Lessard.

Falco Resources Eyes Governmental Decree for Horne 5 Gold Project Before Year End

Falco Resources (TSXV:FPC) has entered the final stages of the environmental authorization process for its flagship Horne 5 gold project in Quebec, with a government decision expected by late 2025.

“(An environmental analysis) report should be submitted to the minister in the next few months, and the final decision has to be done by decree,” said Luc Lessard, president and CEO of Falco Resources, in an interview with Investingnews.com. The company is hoping the decision will come sometime late in 2025, Lessard added.

Keep reading...Show less
Gavel with "litigation" tag on black background.

Mali Court Upholds Detention of Barrick Employees

A Malian court has upheld the detention of four employees of Barrick Mining (TSX:ABX,NYSE:B), rejecting an appeal filed by the Canadian mining company as its dispute with the military-led government deepens.

According to a Bloomberg report, Judge Samba Sarr ruled on Tuesday (July 22) that the appeal was unfounded, according to Barrick’s legal counsel, Alifa Habib Koné.

The employees have been held in pre-trial detention since November 2023 on charges including money laundering and financial misconduct, allegations the company has dismissed as without merit.

Keep reading...Show less
Two people in suits shaking hands with bright light effects.

Brightstar Resources Pursues Aurumin Acquisition to Consolidate Sandstone Assets

Brightstar Resources (ASX:BTR) has entered into a scheme implementation deed with Aurumin (ASX:AUN) under which Brighstar will acquire 100 percent of Aurumin’s issued capital.

The companies agreed on arrangement terms in June, underlining how the transaction will consolidate their tenement holdings in the Central Sandstone region in Western Australia.

Brightstar owns the Sandstone gold project, while Aurumin owns the Central Sandstone gold project.

Keep reading...Show less

Latest Press Releases

Related News

×