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Warriedar Resources (ASX: $WA8) extends high-grade gold at Ricciardo deposit

Warriedar Resources (ASX: $WA8) announcement highlights


Warriedar Resources Limited (ASX: $WA8) has released the results of drilling at the Ricciardo deposit within its Golden Range Project, located in the Murchison region of Western Australia. The assay results for the remaining three RC holes drilled at the Ricciardo deposit have been received, with all holes intersecting significant gold intervals, extending the known extent of the high-grade shoot beneath the historic Ardmore pit. The results demonstrate significant additional mineralisation outside the current Mineral Resource model, with mineralisation remaining open at depth. The 'Golden Corridor' is Warriedar's key exploration focus in 2024, with further growth-focused RC drilling set to commence in the next week.

Executive commentary on the announcement


Today's results extend the high-grade shoot below the Ardmore pit and broaden the mineralisation envelope. The drilling continues to demonstrate the outstanding Mineral Resource growth potential that exists at Ricciardo and along the broader 'Golden Corridor' trend. The 'Golden Corridor' is a key exploration focus for Warriedar in 2024, with further growth-focused RC drilling set to commence in the next week. The results build on the high-grade results already released for the Ricciardo deposit, showcasing the immediate growth potential within the core Golden Range Project.

Summary of Warriedar Resources (ASX: $WA8) announcement


Warriedar Resources (ASX: $WA8) has reported further high-grade gold success at the Ricciardo deposit within its Golden Range Project, with assay results for the remaining RC holes drilled showing significant gold intervals and expanding the mineralisation envelope. The results demonstrate significant additional mineralisation outside the current Mineral Resource model, with mineralisation remaining open at depth. The company's key exploration focus in 2024 is the 'Golden Corridor', with further growth-focused RC drilling set to commence in the next week. Warriedar's focus remains on the immediate growth opportunities available within the core Golden Range Project, showcasing the company's ambitions for resource inventory expansion and continued exploration efforts.

WARRIEDAR RESOURCES LIMITED
WA8 | ASX | Materials
0.0630(+0%)
At close 05/07 (AEDT)
Market cap
$43.6M
Volume
2,383,794
DY Yield
0
PE Ratio
0.82
52 Week Range
0.027 - 0.11
1YR Return
80%

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