Arika Resources (ASX:ARI) has initiated Phase 2 drilling at the Pennyweight Point prospect, part of the Yundamindra Gold Project in Western Australia. This follows successful initial drilling that identified high-grade gold mineralization.
Arika Resources is advancing its exploration at the Yundamindra Gold Project, focusing on expanding known gold mineralization and discovering new deposits. With a 6,000-meter drilling campaign underway, the company is targeting extensions of mineralized zones and exploring new prospects. The project benefits from promising historical results and geophysical studies indicating large-scale potential. Arika Resources remains dedicated to delivering value through the development of high-quality gold assets, aiming to complete significant drilling before the 2024 field season concludes.
The company aims to complete as much of the drilling program as possible before the end of the 2024 field season.