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Warriedar Resources (ASX: $WA8) reports significant gold mineralisation in Ricciardo deposit

Warriedar Resources update on Golden Range Project


Warriedar Resources Limited (ASX: $WA8) has provided an update on drilling progress and assay results from its Golden Range Project, located in the Murchison region of Western Australia. The company reported significant gold mineralisation in the Ricciardo deposit, with assay results confirming a 77m wide mineralisation zone 180m down-dip of the current Resource beneath the Ardmore pit. The mineralisation in this area is structurally complex, extends to a vertical depth of approximately 460m, and remains open. The current diamond drilling program at Ricciardo and M1 is set to be completed in mid-August, with all assays expected by late-September. An update of the Ricciardo Mineral Resource Estimate is targeted for Q4 2024, with further growth-focused drilling of the 'Golden Corridor' scheduled for H2 2024.

Executive Commentary on Ricciardo Deposit


The outcomes of these two diamond tails are significant, given that they represented substantial depth step-outs under the shallow Ardmore pit. A 77m wide mineralised zone (downhole) with a central high-grade shoot (4.51 g/t), 180m below the MRE is a great result. We don't fully understand the structural geometry here yet, but we are delighted that the deeper part of hole 49 validates the drill results from a previous explorer - confirming the deposit extends to about 460m vertical depth and retains some good grade (3.19 g/t). Excellent progress. We continue to drill ahead at Ricciardo as part of the current diamond program, with follow-up growth drilling activities in planning for the remainder of H2 2024.

Summary of Ricciardo Deposit Update


Warriedar Resources has reported significant gold mineralisation in the Ricciardo deposit, with assay results confirming a 77m wide mineralisation zone 180m down-dip of the current Resource beneath the Ardmore pit. The mineralisation in this area is structurally complex, extends to a vertical depth of approximately 460m, and remains open. The company's update on the drilling progress and assay results indicates a positive outlook for the Ricciardo deposit, with plans for further growth-focused drilling of the 'Golden Corridor' scheduled for H2 2024. Warriedar Resources aims to continue its exploration and expansion efforts to enhance its resource inventory and capitalize on the potential of the Golden Range Project.

WARRIEDAR RESOURCES LIMITED
WA8 | ASX | Materials
0.0580(+0%)
At close 20/09 (AEDT)
Market cap
$44.3M
Volume
1,004,611
DY Yield
0
PE Ratio
0.88
52 Week Range
0.027 - 0.11
1YR Return
65.714%

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