Warriedar Resources

Drilling Recommences at Ricciardo

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to announce the commencement of 2024 drilling activities at its Golden Range and Fields Find Projects in the Murchison region of Western Australia. Initial activities are focussed on an extensional Reverse Circulation (RC) drilling program at the sizeable Ricciardo gold deposit.


HIGHLIGHTS:

  • Warriedar's 2024 drilling activities in the Murchison have commenced with a 3,000m RC drilling program at the key Ricciardo deposit.
  • The objectives of the drill program are to:

1. Extend known high grade shoots (adding high-grade ounces);

2. “Step-out” drilling to test for interpreted / new high-grade shoots (to add further high-grade ounces); and

3. Improve confidence of the existing Mineral Resource (upgrade classification) and evaluate early mining potential via cutback of existing pits.

  • Ricciardo hosts an existing Mineral Resource (476 koz gold)1 over a strike length of approx. 2.3km, and with very limited drilling below 100m depth.
  • Ricciardo sits in the middle of the 25km long Golden Corridor at Golden Range, which hosts six discrete deposits that are all open at depth and possess immediate growth potential.
  • Warriedar drilled three of these deposits last year (including Ricciardo) and successfully extended mineralisation at all three; key results from Ricciardo included (previously released):
    • 20m @ 4.78 g/t Au from 148m (RDRC019)
    • 6m @ 4.69 g/t Au from 142m (RDRC020)
    • 7m @ 4.48 g/t Au from 251m (RDRC002)
  • A follow up diamond drilling program is planned at Ricciardo following completion of the current RC drilling.
Ricciardo possesses a current Mineral Resource estimate of 8.7 Mt @ 1.7 g/t Au for 476 koz gold (6 koz Measured, 203 koz Indicated, 267 koz Inferred).1 Mineralisation at Ricciardo is comprised of a series of high-grade shoots. These shoots remain open at depth (where very limited drilling has been undertaken below 100m) and along strike (where additional high- grade shoots are interpreted but require follow up drilling).

As a result of its scale, grade and further immediate growth potential, Ricciardo is a key focus area for Warriedar this year. Ricciardo is located on a granted Mining Lease, is accessible via a well- conditioned haul road, and is located approx. 8 kms (by road) to Warriedar’s existing oxide process plant and approx. 26 kms (by road) to the neighbouring Golden Grove plant.

A follow-up diamond drilling program is planned at Ricciardo for further extensional and geotechnical testing purposes.

Figure 1: Location of the Ricciardo deposit within the Golden Range Project.

Figure 2: Ricciardo sits in the middle of the 25km long Golden Corridor, from Austin in the north to Bugeye in the south


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
Warriedar Resources

Warriedar Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Warriedar Resources

Warriedar Resources


Keep reading...Show less
Warriedar Resources

A$6.0M Placement to Drive Resource Growth at the Golden Range Gold Project

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to advise that it has secured binding commitments for a two-tranche placement to raise A$6.0 million through the issue of approximately 157.9 million shares at an issue price of A$0.038 per share (Placement).

Keep reading...Show less
Warriedar Resources

Warriedar Delivers High Grade Gold Extensions at Ricciardo

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to release assay results from drilling undertaken at the Ricciardo deposit (previously known as Silverstone) within its Golden Range Project located in the Murchison region of Western Australia. The results released today have confirmed the presence of high-grade shoots below existing oxide open pits and demonstrates the excellent exploration potential for further discoveries at Ricciardo.

Keep reading...Show less
Warriedar Resources

Wide, High-Grade Gold Intercepts at Ricciardo

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to announce the results of Reverse Circulation (RC) drilling completed at the Ricciardo deposit (previously known as Silverstone), during November 2023. Ricciardo is part of the Company’s Golden Range Project located in the Murchison region of Western Australia.

Keep reading...Show less
Warriedar Resources

Quarterly Activities Report for the Period Ended 31 December 2023

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to report on its activities for the quarter ended 31 December 2023.

Keep reading...Show less
Warriedar Resources

Shallow Porphyry-Related Gold-Copper System Identified at Fields Find

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to advise that assay results have been received for the greenfields drilling program undertaken at the Mopoke, Falcon, Sandpiper and Warriedar Copper Prospects at its Fields Find Project (Fields Find) in the Murchison region of Western Australia. The drilling is part of Warriedar’s exploration program designed to test the highly prospective Fields Find West area for significant gold and base metal deposits.

Keep reading...Show less
Auric Mining

First Parcel of Ore for 2024 to be Processed Mid-April

Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce that mining operations at the Jeffreys Find Gold Mine (the Project) near Norseman, WA, is proceeding smoothly on an around-the-clock basis.

Keep reading...Show less
Firebird Metals (ASX:FRB)

Firebird Metals’ Integrated Strategy Well-placed in Booming LMFP Batteries Market, Analyst Says

Description

The growing demand for high-purity manganese sulphate monohydrate (HPMSM) used in lithium manganese iron phosphate (LMFP) batteries positions Firebird Metals (ASX:FRB) to become significant player in the manganese market for LMFP batteries and EV manufacturers, according to an analyst report published by Terra Studio.

“Compared to its peers, Firebird Metals and its Hunan high-purity manganese sulphate monohydrate project accumulate a number of enviable characteristics: lowest capital expenditure; lowest capital intensity; life of project not limited by a mineral resource; lowest operating cost; highest profitability index (NPV/capex) with the lowest HPMSM price assumption; best expertise in lithium-ion batteries and in particular LFP and

Keep reading...Show less
Auric Mining (ASX:AWJ)

Auric Well-funded for Stage 2 Mining at Jeffreys Find After $4.7M Cash from Phase 1

First parcel of ore is expected by mid-April 2024

Auric Mining Limited (ASX:AWJ) is cashed up for the second round of mining at Jeffreys Find in Western Australia after Phase 1 generated more than $4.7 million in free cash, according to an article published in The Sydney Morning Herald.

Keep reading...Show less
Hand holding icon that says "AI."

Unearthing Efficiency: How the Mining Industry is Using AI to Make Data-driven Discoveries

Since OpenAI launched ChatGPT to the public in November 2022, artificial intelligence (AI) has exploded into the mainstream, turning into a gold mine for companies that have become early adopters.

What are the implications of AI for the mining sector? Can AI help revitalize investment in the chronically underfunded exploration stage? Can it provide the tools companies need to improve operational efficiency?

This year at the Prospectors & Developers Association of Canada (PDAC) convention, AI and machine learning were broadly featured in several presentations, with participants aiming to answer those and other questions, as well as provide insight into how AI is being deployed and what it means for the future of the mining industry.

Keep reading...Show less
Person typing on laptop with ESG icons floating above.

ESG Now the "Price of Admission" for Miners as Investors Seek Responsible Companies

In today's rapidly evolving investment landscape, the spotlight isn't just on financial returns; it's also on environmental sustainability, social responsibility and governance — better known as ESG.

According to a 2021 report from Accenture Global (NYSE:ACN), 59 percent of investors want miners to aggressively pursue decarbonization and be market leaders in that effort. The report, titled "Global Institutional Investor Study of ESG in Mining," was based on responses from 200 public and private institutional investment firms from around the world.

On a similar note, 63 percent of respondents said they would be willing to divest from or avoid investing in mining companies that fail to meet their decarbonization targets or don't pursue decarbonization aggressively enough.

Keep reading...Show less
Marquee Resources

Spodumene Bearing Pegmatite Swarm Mapped with Samples up to 3.01% Li20 – West Spargoville Project

Marquee Resources Limited (“Marquee” or “the Company”) (ASX:MQR) is pleased to provide an update of ongoing exploration and targeting activities at the West Spargoville Project (“WSP” or “The Project”). Recently, Company geologists completed further mapping and sampling to better define targets for the planned upcoming drilling programmes. Leveraging off previously acquired geochemical, geophysical and drilling data, the Company has identified a pegmatite swarm with over 40 fertile pegmatites identified with mapping, sampling and portable-XRF (p-XRF) analysis confirming the presence of spodumene in 10 of the individual pegmatites (Figure 2). The recent sampling returned a best rock chip assay of 3.01% Li2O (24WS0010) with numerous results >1% Li2O (Table 1). The Company continues to collaborate closely with Joint Venture Partner Mineral Resources Limited (ASX:MIN) regarding all facets of the WSP Project and the ongoing 2024 exploration campaign.

Keep reading...Show less
Warriedar Resources

Warriedar Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×