Warriedar is intensifying gold exploration in the Murchison. Pic via Getty Images.
Mining
Warriedar Resources has completed Phase 1 RC drilling of targets at Fields Find West and is now moving into extensional drilling at its highly prospective Rothschild gold deposit prior to an update of the resource.
Fields Find West is part of Warriedar Resources’ (ASX:WA8) Golden Range and Fields Find projects in WA’s Murchison gold district, where miners such as Ramelius Resources’ (ASX:RMS) operate the Mt Magnet mine and Capricorn Metals’ (ASX:CMM) with its 1.45Moz Mount Gibson project.
Drilling at the start of the year returned high-grade gold intercepts at depth and along strike from the existing Rothschild resource, enough so that it prompted WA8 to raise $5.5m – backed by major shareholders last month – for extensional drilling and other exploration so it can get the resource ready for an update early next year.
WA8 has identified at least 10 discrete target areas for drill testing which the company says offers a strong pipeline for potential targets that hold significant base metal and gold discoveries.
Phase 1 was concentrated on the central corridor area and drilled 17 RC holes for 4,672m, targeting the Warriedar Copper, Falcon, Mopoke and Sandpiper prospects, with assays due out within the next 4-6 weeks.
WA8 says many of the targets to be drilled in Phase 2 at Fields Find are amongst the most prospective in these areas.
Ground geophysical surveys, supplementary soil sampling and/or flora and fauna surveys are ongoing to refine targets and approvals continue to be progressed.
A Phase 3 exploration program will follow in 2024 after further groundwork, and testing of the remaining target areas.
H1 CY2023 drilling at the Rothschild deposit returned high-grade gold intercepts at depths up to 4.02g/t Au and along strike from the existing mineral resource which demonstrated the potential for multi-lode discoveries.
A rig is on its way to Rothschild and drilling will continue for the remainder of 2023, to test for further extensions of the Main Lode along strike and down dip, as well as step-out drilling of the interpreted parallel northern and southern lodes for ~2,100m.
The company says the previous results, together with the next stage of exploration that’s currently underway, will be integrated into the Q1 2024 resource update of Rothschild’s existing 31,000oz endowment.
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.
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