Assays grow Warriedar’s Rothschild gold deposit and flag potential for multiple discoveries
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Assay results for the remaining 38 RC holes (of a total 47) recently drilled at Warriedar Resources’ Rothschild deposit at its Fields Find Project in the Murchison region of WA have demonstrated the deposit is much larger than previously defined.
The results highlighted a much larger Main Lode extending it a further 150m vertical depth to 230m below surface.
Warriedar Resources (ASX:WA8) reports the Main Lode also remains open along strike and at depth; with grade and width increasing with depth on the western side of the Main Lode.
Assays also discovered the existence of additional lodes with the new parallel Southern Lode demonstrating the significant scope for a much larger overall system – and potential further discoveries.
High-grade extensional intercepts include:
This is the first major gold focused exploration program at Rothschild in over seven years and has proven to be a considerable success, validating the exploration results from previous explorers/owners, which include:
“The Rothschild prospect was selected as the first area to drill test within the Fields Find Project as it is situated on a granted Mining Lease (ML), providing a platform for potential rapid advancement and development,” WA8 said in the announcement to the ASX today.
“The extension of mineralisation at depth confirms Warriedar’s strategic decision and staged approach to exploration targeting to prioritise drilling at Rothschild.
“The drilling will provide for further prioritisation of prospective and untested drill targets within the ML using geophysical datasets and the reported drill results.”
Drilling has also successfully intersected gold mineralisation on the western side of the Dynasty fault, and at the NW extension area; delivering robust targets for follow-up drilling.
Mineralisation continues to the NE and is confirmed by exploration results from previous explorers.
The company says the fact that this newly identified structure is mineralised makes it an excellent target for follow-up drilling.
Second stage of drilling at Rothschild is planned to commence during the current quarter with an updated Mineral Resource Estimate scheduled for Q4 2023.
Key objectives include better defining the Main Lode and exploring its further depth extent (remains open at depth); as well as drilling into all parallel and satellite lodes to determine the true scale of the Rothschild opportunity.
This article was developed in collaboration with Warriedar Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.