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Warriedar Resources Delivers 99% Ricciardo MRE Increase

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THE DRILL SERGEANT: Warriedar Resources (ASX: WA8) reported an updated Mineral resource Estimate (MRE) for the Ricciardo gold deposit, part of the company’s Golden Range project in the Murchison region of Western Australia.

Warriedar Resources updated MRE for the Ricciardo deposit has come in at 16.44 million tonnes at 1.8 grams per tonne gold for 947,000 ounces of gold.

The new figure represents a 99 per cent increase in Ricciardo MRE contained gold ounces.

The updated Ricciardo MRE comprises 467,500 ounces at 1.6g/t gold open-pit gold Resource (75% Measured and Indicated); and 480,000 ounces at 2g/t gold underground gold Resource.

Warriedar noted the Ricciardo system remains wide open at depth and along strike.

Total Mineral Resources for the Golden Range project now stand at over 1.28 million ounces gold, a 58 per cent increase from the previous level.

“This is the result we have been working towards all year,” Warriedar Resources managing director and CEO Amanda Buckingham said in the company’s ASX announcement.

“With less than 15,000m of targeted, efficient drilling we have added over 470,000 ounces to the Ricciardo deposit, doubling the Resource.

“We are excited by both the outcome itself, and the outlook that it delivers us for the wider corridor of gold deposits.

“The simple strategy of drilling below shallow open pits to find mineable ounces worked exceptionally well for our producing neighbours.

“The validity of this strategy is now beyond doubt, for us.

“Not only is the Ricciardo system still wide open down-plunge, but the entire 25km long ‘Golden Corridor’ offers similar potential upside from such a relatively simple drilling focus.

“In the middle of the infrastructure-rich southern Murchison, and located on existing Mining Leases, the opportunity in front of us is utterly irresistible.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Warriedar Resources Drills High-Grade Rothschild Gold Extension

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THE DRILL SERGEANT: Warriedar Resources (ASX: WA8) reported assay results from the first four holes drilled at the Rothschild prospect, part of an ongoing Reverse Circulation (RC) drilling program at the company’s Fields Find project in the Murchison province of Western Australia.

Warriedar Resources recently completed the Rothschild drilling program that was designed to test the scale potential of the existing deposit including depth extensions, repeat parallel lodes and satellite lodes.

The company said results demonstrate the targeted depth extension to this deposit with multiple parallel lodes and evidence that the high-grade core is potentially sustained with depth.

Key returned intervals include:

BRRC081
11 metres at 3.39 grams per tonne gold from 197m;

BRRC078
9m at 1.85g/t gold from 150m; and

BRRC079
10m at 1.63g/t gold from 202m, including 3m at 3.12g/t gold.

“The Rothschild prospect was selected as the first area to drill within the Fields Find project given that the existing deposit lies on a Mining Lease and the historic drilling data demonstrated gold mineralisation extending along strike for up to one kilometre,” Warriedar Resources explained in its ASX announcement.

“The high-grade core of the mineralisation also appeared to remain open both at depth and along strike.

“This drilling…represents the first major exploration program to explore for primary gold mineralisation at Rothschild in over seven years.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE