Warriedar Resources reports high-grade gold mineralisation in Western Australia

Warriedar Resources Limited (ASX: $WA8) is pleased to report on its activities for the quarter ended 30 June 2024. The company's cash position at the end of the quarter was A$3.6 million with zero debt. The Golden Range and Fields Find Projects in Western Australia have shown promising results, with significant intervals of high-grade gold mineralisation reported from the Phase 1 2024 RC drilling at Ricciardo. Additionally, the diamond drilling program at Ricciardo and M1 has intersected significant gold mineralisation, expanding the known extent of high-grade shoots and confirming the presence of a new high-grade shoot below the Eastern Creek pit. The company's focus remains on rapidly building its resource inventory through modern, innovative exploration.

Executive Commentary

The results from the recent drilling programs at Ricciardo and M1 have exceeded our expectations and have provided valuable insights into the potential of our projects. The high-grade gold mineralisation encountered, along with the expansion of known mineralised areas, demonstrates the significant growth potential of the Ricciardo and M1 deposits. We are particularly encouraged by the validation of the high-grade extension potential at the M1 deposit, which supports our larger goal of building high-priority Mineral Resource Estimate areas for rapid development. The ongoing diamond drilling program is expected to further enhance our understanding of the structural controls and provide additional evidence of the substantial growth potential of our current Mineral Resource Estimates. We are also excited about the prospects at the Fields Find Project, where significant gold mineralisation has been discovered, indicating the project's high prospectivity for gold and base metal discoveries.

Summary

Warriedar Resources (ASX: $WA8) has reported significant high-grade gold mineralisation at the Golden Range and Fields Find Projects in Western Australia. The results from the recent drilling programs at Ricciardo and M1 have exceeded expectations, with the validation of high-grade extension potential at the M1 deposit. The ongoing diamond drilling program is expected to further enhance the company's understanding of the structural controls and provide evidence of substantial growth potential. Additionally, the Fields Find Project has shown promising results, indicating high prospectivity for gold and base metal discoveries. The company's focus remains on rapidly building its resource inventory through modern, innovative exploration, with further growth-focused drilling planned for the second half of 2024.