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.


HIGHLIGHTS

Golden Range and Fields Find Projects, Western Australia

  • Sixth and final drill program for CY2023 completed, with a total of 189 holes for 36,088m drilled across the year.
  • First phase of RC drilling at Fields Find West completed (Drill Program 5), with assay results received and released.
  • Holes within Drill Program 5 targeting gold associated with late porphyries at Fields Find West successfully intercepted significant gold and copper mineralisation including:
    • 4m @ 5.00 g/t Au from 92m (Mopoke Prospect)
    • 8m @ 1.46 g/t Au from 24m (Sandpiper Prospect)
    • 4m @ 1.58 g/t Au from 25m (Sandpiper Prospect)
    • 1m @ 1.66% Cu, 0.22 g/t Au, 102 ppm Mo, 16 g/t Ag from 34m (Warriedar Copper Prospect)
  • Represents first exploration of the Fields Find porphyry system as a cohesive tenement package by a single owner; follow-up drilling in this area is planned for H1 CY2024.
  • Further RC drilling of high-potential base metal and gold targets at Fields Find and Golden Range was also completed (Drill Program 6, 18 holes for 2,785m); results pending.
  • Strong pipeline of assay results expected to be received through Q1 CY2024.

Big Springs Project, Nevada

  • Proposed Plan of Operation (PoO) application continues to progress.

Corporate

  • Cash of A$3.220 million as at 31 December 2023 and zero debt (excluding typical trade creditor balances).

Figure 1: Regional setting of the Golden Range and Fields Find Projects in the Southern Murchison Province of the Yilgarn Craton, Western Australia. Inset Figure (left): Phillips, Geoffrey. (2020). The importance of brownfields gold exploration. Mineralium Deposita. 55.

Western Australian Projects

The Golden Range and Fields Find Projects are located approximately 350 km northeast of Perth and 260 km east-southeast of Geraldton (Figure 1). The Projects’ total consolidated land package is 813 km2, extending for over 70 km of strike from north to south and covering much of the central Yalgoo-Singleton and Warriedar Archean greenstone belts.

Total historical gold production from Golden Range and Fields Find was ~350 koz, with the existing oxide plant placed on care and maintenance in August 2019.

The current JORC (2012) Mineral Resource estimate for Golden Range is 19.2 Mt at 1.5 g/t Au for 945 koz contained gold (of which 461 koz at 1.6g/t Au sits in the Measured and Indicated classifications). For further Mineral Resource estimate details, refer to ASX release dated 28 November 2022.

During the quarter and prior to the reporting date, the Company concluded Drill Program 5 at Fields Find West and carried out Drill Program 6, encompassing drilling at both the Fields Find and Golden Range Projects. A chronological summary of the activities follows.


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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