Warriedar Resources

Further High-Grade Gold Success at Ricciardo

Warriedar Resources Limited (ASX: WA8) (Warriedar or the Company) is pleased to release the results of drilling undertaken at the Ricciardo deposit (previously known as Silverstone) within its Golden Range Project, located in the Murchison region of Western Australia.


HIGHLIGHTS:

GOLDEN RANGE

  • Assay results for the remaining (3) RC holes drilled at the Ricciardo deposit have been received, with all holes intersecting significant gold intervals including:
    • 4m @ 14.49 g/t Au from 188m, ending in mineralisation (RDRC039)
    • 12m @ 1.91 g/t Au from 74m, ending in mineralisation (RDRC040)
    • 7m @ 1.17 g/t Au from 119m (RDRC038)
  • Results continue to increase the known extent of the high-grade shoot beneath the historic Ardmore pit.
  • Drilling demonstrates significant additional mineralisation outside the current Mineral Resource model, with mineralisation remaining open at depth.
  • These results build on the high-grade results already released for the Ricciardo deposit.
  • Ricciardo sits in the middle of 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.
  • The ‘Golden Corridor’ is Warriedar’s key exploration focus in 2024, with further growth-focussed RC drilling set to commence in the next week.

FIELDS FIND

  • Results from drilling at Rothschild continue to extend mineralisation along strike to the east (and remains open).
  • New greenfields gold zone intersected at Provenance, located approx. 700m north of the Rothschild deposit.

Today’s results extend the high-grade shoot below the Ardmore pit and broaden the mineralisation envelope. Drilling continues to demonstrate the outstanding Mineral Resource growth potential that exists at Ricciardo and along the broader ‘Golden Corridor’ trend.

Assay results from drilling carried out at the Fields Find Project late last calendar year have also been received. Drilling at Fields Find successfully extended Rothschild to the east and highlighted a new greenfields discovery at the Provenance prospect (approximately 700m north of Rothschild).

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 the Golden Range Project is annotated.

Robust high-grade depth extensions continue at Ricciardo

The Ricciardo gold system (within the Golden Range Project) spans a strike length of approximately 2.3km, with very limited drilling having been undertaken below 100m depth. Ricciardo possesses a current Mineral Resource Estimate (MRE) of 8.7 Mt @ 1.7 g/t Au for 476 koz gold.1 The oxide material at Ricciardo has been mined by previous operators.


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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