Spartan Resources

High-Grade Pepper Discovery Extended

Latest high-grade assays from Pepper Gold Prospect, adjacent to the 0.95Moz Never Never Gold Deposit, show increasing ounces per vertical metre potential

Spartan Resources Limited (Spartan or Company) (ASX:SPR) is pleased to provide an update on exploration activities at its 100%-owned Dalgaranga Gold Project (“DGP”), located in the Murchison region of Western Australia.


Highlights:
  • Pepper Gold Prospect – significant new intercepts expand high-grade discovery:
    • 14.73m @ 11.42g/t gold from 553.73m down-hole, incl. 4.37m @ 36.80g/t (DGDH070):
      • Intercept located approximately midway (~50m north) of the initial “Pepper” discovery hole DGRC1432-DT, which returned 17.52m @ 15.86g/t gold (previously announced)
    • 17.67m @ 6.58g/t gold from 561.85m down-hole, incl. 7.53m @ 11.93g/t (DGDH069-W1)
      • Intercept located down-dip of the Pepper discovery hole, midway between DGRC1432- DT and DGDH069, which returned 11.28m @ 5.94g/t gold (previously announced)
    • Maiden Mineral Resource Estimate to be calculated for the Pepper Gold Prospect as part of the scheduled mid-year resource update for the Dalgaranga Gold Project.

Figure 1: Long Section of the Never Never Gold Deposit, Pepper, Four Pillars and West Winds Gold Prospects looking East. New high- grade intercept assays highlighted in yellow callout boxes. Note the proposed exploration drill drive design.

This release contains new assay results from recent surface drilling targeting the high-grade growing Pepper Gold Prospect.

Figure 2: Plan-view of the key gold targets at the Dalgaranga Gold Project. The Pepper Gold Prospect is located between the 0.95Moz Never Never Gold Deposit and the Four Pillars Gold Prospect marking the north end of the former Gilbey’s Open Pit. Drill-hole intercept grades are shown coloured by gold grade and recent drill assays are highlighted in gold callout boxes.

Management Comment

Spartan Managing Director and Chief Executive Officer, Simon Lawson, said: “Our focus on drilling, closing the gaps and achieving significant outcomes in front of our established infrastructure continues to deliver in spades with our ongoing drilling success at the recently discovered Pepper Gold Prospect.

“Pepper is located less than 100m south of the high-grade 0.95Moz Never Never Gold Deposit and we couldn’t be happier to see the rapid emergence of another substantial high-grade body of mineralisation next to our flagship deposit with each new drill result.

“We are very confident that Pepper will become a standalone gold deposit and, to ensure that outcome, we will be completing a maiden Mineral Resource Estimate ("MRE”) for this exciting prospect as part of our foreshadowed mid-year MRE update for Dalgaranga.

“With the gold price continuing to hit new records, this is an exciting time to be making new high-grade gold discoveries. And, on the back of a well-supported capital raise, we are now moving rapidly towards developing the underground infrastructure required to chase and grow this high-grade system.

“With rigs still spinning around the clock, investors can look forward to more exciting drill results in the coming weeks, mid-year MRE update for Dalgaranga, the planned commencement of the underground exploration drill drive in the second half of 2024, and the expected publication of a maiden high-grade Ore Reserve for the Never Never Gold Deposit.

“The Spartan team also continues to progress a Feasibility Study to demonstrate what we believe will be powerful metrics from a growing set of high-grade gold structures and maybe even some more high- grade gold discoveries!”


Click here for the full ASX Release

This article includes content from Spartan 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.

SPR:AU
The Conversation (0)
Walker Lane Resources Ltd. Notes Unusual Trading Activity and the Development of its New Website

Walker Lane Resources Ltd. Notes Unusual Trading Activity and the Development of its New Website

Walker Lane Resources Ltd. (TSX-V: WLR, "Walker Lane") announces that there has been unusual trading activity of its common shares that appeared to initiate on March 27, 2025 and appears to have occurred on each subsequent TSX-V trading day to current day. The recent stock trading activity does not reflect the health of our business or the recent significant value added assets to the property portfolio and adds to the previous undervaluation of the assets that were noted in a research report completed by Fundamental Research Corporation (see CMC Metals Ltd. press release - January 15, 2025). Management considers that some recent market transactions of its common shares could be an organized type of short selling tactic as we cannot determine any other explanation for the unusual downside trading activity.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
New Age Exploration Limited

Drilling Commences at Lammerlaw Gold and Antimony Project, NZ

New Age Exploration (ASX: NAE) (NAE or the Company) is pleased to announce the commencement of drilling at its Lammerlaw Project in New Zealand. The drill program is Phase 1 of a two-phase program to test nine high-priority targets identified through extensive geochemical surveys, geological mapping, and geophysical data interpretation.

Keep reading...Show less
Byron King, gold bars.

Byron King: Fear Trade in Play — Make Sure You've Got Gold, Silver

Byron King, editor at Paradigm Press, shares his thoughts on a wide array of hot topics, including gold's historic price rise, inflation and the ongoing tariff situation

In his view, it's more important than ever for investors to have hard assets in their portfolio.

Keep reading...Show less
Gold bars on financial charts and a notebook.

Top 5 ASX Gold Stocks of 2025

Gold has continued to perform exceptionally well in 2025 and even broke through the AU$5,000 per ounce mark for the first time on April 1, when it reached a new all-time high of AU$5,034.

Markets have experienced significant volatility since the start of US President Donald Trump’s term. Tariff threats have created unease among US allies attempting to avoid a full-scale trade war with the world’s largest economy.

The rising gold price also coincides with increasing tensions in the Middle East, where attacks against Iran-backed Houthis in Yemen have intensified. These and other circumstances have prompted investors to seek the safe haven of gold, leading the yellow metal to repeatedly hit new record-high prices throughout the year.

Keep reading...Show less
Rio Silver

Rio Silver


Keep reading...Show less

Latest Press Releases

Related News

×