Warriedar Exploring for the ‘Next Mine in the Murchison’

THE CONFERENCE CALLER: Warriedar Resources (ASX: WA8) has launched into an exploration strategy to determine where the next gold mine will be in the Murchison, managing director and CEO Amanda Buckingham said on the sidelines of the 2023 RIU Sydney Resources Round-up.

The company opened a new chapter this year, changing name from Anova Metals and adding two Murchison projects containing almost 1 million ounces of gold to its portfolio, which already holds 1.01 million ounces in Nevada.

The Fields Find and Golden Range projects host 10 deposits along a 70km mineralised shear in a “commanding land position” in Western Australia’s north of 813 square kilometres.

Buckingham said surrounding operations in the Murchison “tap deep” such as Golden Grove being mined at 1,800m, indicating the potential on its holdings where the average drilling depth was 42m.

The company has drilled 25,000m so far at the projects this year but received less than 20 per cent of the assays, however Buckingham said they showed the exploration plan was working, revealing two significant high grade deposit extensions.

At Windinne Well, extensional drilling returned results including 4m at 5.17 grams per tonne gold, while highlights from Rothschild included 11m at 3.39g/t.

“We are uncovering more gold, we are learning which of our deposits are likely to turn into a significant resource and moving into the third quarter, once we get all the assays back, we will design a deeper diamond drilling program to really answer the question ‘Where will the next mine be in this belt?’” she said.

The Fields Find project contains the former Warriedar copper mine and the company was looking forward to soon drilling high-priority copper targets as well, Buckingham said.

Overseas, Warriedar was in the process of acquiring a larger exploration permit for its Big Springs project in Nevada, a state Buckingham described as “the land of giants” as it hosted individual deposits of up to 40 million ounces.

“Our focus is on WA [this year] but we still consider it to be an extremely important asset and we will work on it or will commercialise it in some way at the appropriate time,” Buckingham said.