Spartan Resources

Never Never and Pepper Deliver Exceptional Assays Ahead of Imminent Resource Update

Multiple wide, high-grade intercepts with grades of up to 126g/t Au from final batch of in-fill and extensional assays from the first half of 2024 drilling.

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


HIGHLIGHTS
  • Never Never Gold Deposit – strong in-fill drilling results strengthen deeper Resource extents:
    • 10.14m @ 11.26g/t gold from 966.90m down-hole, incl. 0.77m @ 126.45g/t (DGDH064-W1)
    • 9.07m @ 17.81g/t gold from 760.55m down-hole, incl. 1.52m @ 99.45g/t (DGDH072-W3)
    • 10.66m @ 6.55g/t gold from 798.02m down-hole, incl. 0.49m @ 126.00g/t (DGDH072-W4)
  • Pepper Gold Prospect – new deepest intercept expands potential high-grade Resource extent:
    • 13.50m @ 4.47g/t gold from 679.50m down-hole, incl. 0.5m @ 73.04g/t (DGDH073)

Spartan Resources' Never Never and Pepper targetsFigure 2: Plan-view of the key gold targets at the Dalgaranga Gold Project. The Pepper Gold Prospect is located between the Never Never Gold Deposit and the Four Pillars Gold Prospect, marking the northern 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.

  • Mineral Resource Estimate updates for the Never Never and Sly Fox Gold Deposits, as well as maiden standalone MRE’s for the Four Pillars, West Winds and Pepper Gold Prospects due for imminent release.
  • Underground Exploration Drill Drive – finalisation of approvals and support activities for the underground development are well in train with development to commence in Q3 2024.

This release contains new assay results from recent surface drilling targeting the high-potential and very high-grade Pepper Gold Prospect, as well as the immediately adjacent and ever growing high-grade Never Never Gold Deposit.

Management Comment

Spartan Managing Director and Chief Executive Officer, Simon Lawson, said: “These latest intercepts demonstrate the incredible potential of what we have found right in front of our processing plant at Dalgaranga. With the Never Never Gold Deposit we have really shown what can happen with a change in mindset and the more recent discovery of the Pepper Gold Prospect has demonstrated that we are really onto something very special in this under-explored greenstone belt.

“Our drill teams are taking a well-earned rest at the moment while we catch up on the frantic pace of drilling and discovery. Our geology team is now finalising the new Mineral Resource Estimate to collate our drilling efforts in the first half of this calendar year and update the Spartan value proposition. While we take a brief drilling hiatus, we are planning and prioritising our second half exploration program so that we increase our momentum and keep driving the Spartan juggernaut forward!”


Click here for the full ASX Release

This article includes content from Spartan Resources, 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)
Spartan Resources

Spartan Resources

Focused on Growing High-grade Gold Ounces in front of established infrastructure in Prolific Western Australia

Focused on Growing High-grade Gold Ounces in front of established infrastructure in Prolific Western Australia Keep Reading...
Hand holding stylus near a gold bar, labeled "Weekly Editor's Picks."

Editor's Picks: Gold Price Recovers from Biggest One-Day Drop in 12 Years

The gold price declined from its recent all-time highs this week, sinking to nearly US$4,000 per ounce and recording its biggest one-day decline in more than 12 years.Silver took a similar hit, slipping back below the US$50 per ounce level.The drops have been attributed to factors like a... Keep Reading...
Golconda Gold (TSXV:GG)

Gold and Crypto: Redefining the Future of Finance

Click here to register for the webinarGold is making a powerful comeback as a cornerstone of the global financial system—but it’s not alone. Digital assets and cryptocurrencies are rapidly transforming how capital moves across markets. Instead of competing, gold and crypto are increasingly... Keep Reading...
Lahontan Gold (TSXV:LG)

Lahontan Closes Strategic York Claims Purchase at Santa Fe

Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the "Company" or "Lahontan") is pleased to announce that the Company has completed the Purchase (the "Purchase") of 27 unpatented lode mining claims (the "York claims") from Emergent Metals Corp ("Emergent"). The York claims are contiguous... Keep Reading...
Finger flipping block from "RESTART" to "START" on orange background.

Barrick’s Mali Gold Mine Restarts Under State Control

Barrick Mining's (TSX:ABX,NYSE:B) Loulo-Gounkoto mine in Mali has resumed operations for the first time in over nine months, following a court-ordered takeover by the West African nation’s military-led government, according to a Bloomberg report.The Loulo-Gounkoto complex had been shuttered... Keep Reading...
Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project

Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project

These Programs Support the Advancement of Tonopah West Towards the Permitting of an Exploration Decline to Enable Test Mining and the Extraction of a Bulk SampleHIGHLIGHTS:The Phase 2 hydrology program will consist of placing 5 additional piezometers, a dewatering well and a groundwater... Keep Reading...
Augustus Minerals

High stakes and blue sky as Augustus lines up for PNG golden prize

There’s a big play happening up in PNG with a potentially huge prize and the $9m ASX listed Augustus Minerals is in the thick of it. After years of dispute, court cases and controversy, the gold-rich Mt Kare project, that sits about 600kms north-west of Port Moresby, is about to be awarded to... Keep Reading...

Latest Press Releases

Related News