Spartan Resources reports significant gold intercepts

Spartan Resources Limited (ASX: $SPR) has released an update on its Dalgaranga Gold Project, located in the Murchison region of Western Australia. The company reported exceptional intercepts from resource in-fill and exploration drilling at the high-grade Never Never Gold Deposit, as well as a highly significant assay result that has extended the known mineralisation to nearly 1km below the surface, highlighting the growing strategic significance of this exceptional high-grade deposit.

Executive Commentary on Never Never Gold Deposit

Spartan Managing Director and Chief Executive Officer, Simon Lawson, expressed enthusiasm about the latest results, stating, 'Never Never continues to emerge as one of the most significant standalone high-grade gold discoveries seen in Australia in recent years. The latest results include the deepest assay to date and the third best gram X metre intercept thus far, expanding the mineralisation to about 830m vertical depth and around 1km down-dip. Importantly, the outstanding new intercept of 11.55m at 36.77g/t sits 170m below the lower boundary of the current 952koz Mineral Resource, with further indications from recent drilling that the footprint of the mineralisation is expanding significantly at depth. This supports the potential to add further high-grade gold ounces at depth while also increasing confidence in our geological model.'

Summary of ASX Announcement

Spartan Resources (ASX: $SPR) has reported exceptional intercepts from resource in-fill and exploration drilling at the high-grade Never Never Gold Deposit, as well as a highly significant assay result that has extended the known mineralisation to nearly 1km below the surface. The company's Managing Director, Simon Lawson, highlighted the strategic significance of the latest results, emphasizing the potential to add further high-grade gold ounces at depth and increase confidence in the geological model. The announcement reflects Spartan Resources' commitment to unlocking the potential of the Dalgaranga Gold Project and its aggressive exploration program targeting Resource expansion and Reserve definition at the Never Never deposit.