Warriedar drilling yields proof of more gold at Golden Range
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Warriedar’s ongoing Phase 1 drilling at its Golden Range project in Western Australia is already bearing fruit with initial assays extending the high-grade gold shoot at Windinne Well.
Assays for the first 11 of 21 holes drilled at the deposit demonstrated that it extends for at least a further 150m deeper and remains open.
Notable intercepts are 4m grading 5.17 grams per tonne (g/t) gold from a down-hole depth of 52m, 8m at 2.27g/t gold from 235m and 4m at 2.56g/t gold from 259m.
The clear demonstration of Golden Range’s (formerly Golden Dragon) latent, untapped primary gold potential at depth is hugely positive for Warriedar Resources (ASX:WA8) given that the project already hosts a 945,000oz resource, of which 461,000oz is in the high confidence Measured and Indicated categories.
It has also completed 14 holes at the Austin deposit and is currently drilling at the Mugs Luck deposit.
The current 10,000m Phase 1 drill program is aimed at increasing resources by targeting primary gold mineralisation zones.
Drilling at Windinne Well was designed to test for extensions of the deposit, particularly an existing high-grade shoot, both along strike (north and south) and at depth.
Results to date have extended the targeted high-grade shoot to over 150m greater depth, providing clear evidence of untapped primary gold potential at depth within the project which was precisely why the company was attracted to the project in the first place.
Warriedar plans to carry out follow-up extensional and resource growth drilling at Windinne Well later this year.
This will further test the depth potential of multiple high-grade shoots along with an induced polarisation anomaly to the north and a parallel ‘repeat’ IP target to the east.
There’s good reason for doing so as discovered gold mineralisation at Windinne Well corresponds well with an existing IP anomaly.
A second rig remains on schedule to be mobilised to the Fields Find project with the company projecting to carry out a total of 40,000m of drilling at both projects throughout 2023.
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.