Warriedar Resources has welcomed assay results from RC drilling at the Ricciardo prospect at its Golden Range project in the Murchison province of WA which have confirmed significant depth and strike extensions.

The drilling program consisted of 17 holes for 3,148m and was designed to assess depth and strike extensions to the existing cluster of gold deposits called Eastern Creek, Silverstone and Copse-Ardmore.

High-grade extensional intersections returned include:

  • 7m at 4.48 g/t including 1m @ 24.00 g/t (RDRC002);
  • 7m at 1.45 g/t including 2m @ 4.06 g/t (RDRC001); and
  • 18m at 1.21 g/t including 5m @ 2.10 g/t (RDRC004).

Notably, the existing MRE for this cluster of deposits total approximately 476,000 ounces gold, with all deposits remaining open and limited previous drilling already confirming depth extensions greater than 200m.

“The current drilling has provided the confidence we needed to say that the mineralisation at the southern end of the Ardmore-Copse pit extends to at least 480m vertical depth below surface. This is an important step towards a significant resource upgrade” the company said.

“With historic intervals like 13m @ 16.56 g/t from 18m, this Resource deserves to be much better understood.”

Warriedar Resources (ASX:WA8) says the 9 holes that did not reach target depth are planned to be diamond tailed during the Q3 drilling program..

 

Resource growth on the cards

There were four significant intercepts in the holes drilled to the south of the existing cluster area demonstrating that the mineralisation extends 400m to the south of where the current MRE ends.

“This is a positive result that further demonstrates the scale potential of the broader Silverstone cluster system,” the company said.

“Further drilling in this southern extension zone is planned to be conducted to study the global resource potential along the major shear zone.”

There were no significant intercepts in the holes drilled to the north of the existing cluster area but weak gold mineralisation (below cut-off grade) was intercepted with other pathfinder elements.

This result indicates that the system is still open to the north, but that high-grade mineralisation may be offset or plunge down.

Warriedar plans to investigate this further in the lead up to the Q3 drilling program.

Warriedar ASX WA8
Drone photo of the Ricciardo project area, looking towards the southeast. Pic: Supplied (WA8)

 

Initial metallurgical test work is also planned to be carried out later this year to assess the optimal potential flowsheet for the high-grade gold mineralisation.

 

 

This article was developed in collaboration with Warriedar Resources Limited, 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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