Warriedar Resources

Fields Find Exploration Update

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to advise that the Phase 1 drilling program at Fields Find West has been completed. Fields Find West is part of Warriedar’s broader Golden Range and Fields Find Projects located in the Murchison province of Western Australia (see Figure 1).


HIGHLIGHTS:

  • Phase 1 drilling of base metal and gold targets at Fields Find West completed; 17 RC holes drilled for 4,672m, with receipt of assays expected in 4-6 weeks.
  • Next phase of exploration and drilling at Fields Find West is scheduled to commence in early November and continue into CY2024; testing a further 4-7 prospective areas, covering both base metal and gold targets.
  • The rig is also scheduled to return to the Rothschild gold deposit (eastern Fields Find Project) to target further extensions of the Main Lode (at depth and along strike), as well as test the potential for northern and southern lodes.
  • Updated Rothschild Mineral Resource estimate expected in Q1 CY2024, following completion of the next phase of drilling and integration of assay results.
Fields Find West is a structurally complex geological region in the western part of the Fields Find Project with at least 10 discrete target areas identified for drill testing (refer WA8 ASX release dated 3 August 2023). The area offers a strong pipeline of high-potential targets for significant base metal and gold discoveries.

The Phase 1 program commenced within the central corridor area, which represented the easiest area to drill first in terms of access, previous disturbance, status of surveys (flora/fauna, geophysical) and approved Programs of Work (POW) status. A total of 17 reverse circulation (RC) holes were completed for approximately 4,672m, targeting both key base metal and gold targets at the Warriedar Copper, Falcon, Mopoke and Sandpiper prospects (refer Figure 2). Assays from these holes are expected to be received in the next 4-6 weeks.

The next phase of drilling at Fields Find West is set to commence in early November and continue into next year, testing a further 4-7 prospective areas (refer Figure 2). Many of the targets to be drilled in the next phase are amongst the most prospective in this area. Ground geophysical surveys, supplementary soil sampling and/or flora and fauna surveys are ongoing to refine the respective targets; and POW approvals continue to be progressed.

As part of the next phase of drilling, further extensional drilling of the Rothschild gold deposit is planned (located on an existing ML in the eastern part of the Fields Find Project). Drilling at Rothschild earlier this year extended mineralisation along strike, down dip, and demonstrated the potential for multi-lode discoveries (refer WA8 ASX releases dated 12 July 2023, 29 May 2023 and 28 April 2023).

Figure 1: The location of the Golden Range and Fields Find Projects, surrounded by existing mines and development projects (large black circles). Processing plants (existing or proposed) are annotated with the cyan mining symbol.

The next stage of drilling at Rothschild is designed to test for further extensions of the Main Lode along strike and down dip, as well as step-out drilling of the interpreted northern and southern lodes (totalling approximately 2,100m).

Following completion of the next stage of drilling at Rothschild, and incorporation of assay results into geological modelling, an updated Mineral Resource estimate for this deposit is planned to be released in Q1 CY2024 (existing Mineral Resource at Rothschild is 31koz Au; refer Appendix 1 for more details). Leading geological and exploration consultant, Mining Associates Pty Ltd, have been engaged to undertake the updated Mineral Resource estimate.


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.

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