Warriedar Resources Intercepts Further High-Grade Extensional Gold at Ricciardo

THE DRILL SERGEANT: Warriedar Resources (ASX: WA8) reported assay results from drilling undertaken at the Ricciardo deposit (previously known as Silverstone) within the company’s Golden Range project in the Murchison region of Western Australia.

Warriedar Resources said the latest results have extended the high-grade shoot below the Silverstone pit and broadened what is already a known (high-grade) mineralisation envelope.

The company said the drilling had demonstrated the Mineral Resource growth potential that exists at Ricciardo and along the broader ‘Golden Corridor’ trend.

Warriedar took receipt of assay results received for an additional six RC holes drilled at the Ricciardo deposit, with all holes intersecting gold including:

8 metres at 11.4 grams per tonne gold from 166m, including 3m at 22.38g/t gold from 167m; and

8m at 2.63g/t gold from 160m.

The Ricciardo gold system spans a strike length of approximately 2.3 kilometres, with very limited drilling having been undertaken below 100m depth.

Ricciardo possesses a current Mineral Resource Estimate (MRE) of 8.7 million tonnes at 1.7 grams per tonne gold for 476,000 ounces of gold (6,000 ounces Measured, 203,000 ounces Indicated, 267,000 ounces Inferred).

“This is another very pleasing set of results from our recent drilling at Ricciardo,” Warriedar Resources managing director and CEO Amanda Buckingham said in the company’s AXS announcement.

“Combined with the initial results released in March, they readily demonstrate why we have made the Golden Corridor the primary focus of our 2024 exploration activities.

“At Golden Range we have scale, plus grade, and immediate and substantial resource growth potential. We look forward to receiving the remaining assays, as well as recommencing drilling this quarter.”