Advanced gold and copper explorer Warriedar Resources has launched into a new drilling campaign at its Fields Find and Golden Range projects in Western Australia’s prospective Murchison region.
The company today confirmed it had kicked off a planned 2200m reverse-circulation drilling program earlier this week for what will be its sixth drill campaign at the project since its acquisition in February.
The drilling has started at the Rothschild prospect on the eastern side of Fields Find, targeting parallel gold lodes north and south of the existing main deposit. The drill rig is then scheduled to head west to test further high-potential base metal and gold targets at Fields Find, including a high-conductance and well-modelled electromagnetic (EM) target.
The remainder of the program will then be drilled at Golden Range, encompassing both metallurgical test holes at the Ricciardo prospect and brownfields gold targets in the Riley deposit area.
The program has been designed to enable testing of high-potential base metal and gold targets and to support the fast-tracking of key prospects next year. It is also expected to provide a strong pipeline of assay results through next year’s first quarter.
Warriedar says its specific program goals include collecting samples that can be used within a pending metallurgical study by drilling a further three holes at the high-grade Ricciardo deposit cluster. It also hopes to increase its confidence in the Rothschild gold deposit, with a further six holes to better define the parallel lodes to the north and south of the central main lode.
Other program goals include drilling key gold resource extension and brownfields targets to increase the pipeline of advanced targets, with two holes planned in the Riley deposit area.
The company’s exploration and drilling focus throughout this year’s second half is to discover mineable high-grade gold ounces below its existing mineral resources and to drill-test high-priority base metals targets.
A drilling program completed in the previous quarter delivered significant extensional growth along strike and down dip at five separate gold deposits – Rothschild, Ricciardo, Windinne Well, Austin, and Mugs Luck. There were also further significant extensions to the Rothschild gold deposit.
Management believes the drill results demonstrate that the deposit is much bigger than previously defined in terms of strike and depth extent.
Previous rock-chip sampling at parts of the broader Rothschild mining lease returned several positive results, including an assay of 13.1 grams per tonne gold on the edge of a strongly-magnetic and structurally-complex lithological unit in the Stone Hut area. Past RC drilling at Stone Hut returned an intercept of 2m at 4.02g/t gold.
Further drilling is also scheduled on the Rothschild mining lease, with an updated mineral resource estimate planned for next year’s first quarter.
The current 2012 JORC estimate for Golden Range is 19.2 million tonnes at 1.5g/t gold for 945,000 ounces of contained gold, with 461,000 ounces at 1.6g/t in the measured and indicated classifications. The company has a wider resource base of almost 2 million ounces of gold – 149,000 ounces measured, 867,000 ounces indicated and 944,000 ounces inferred – across its projects in WA and Nevada in the United States.
A recent $5.5 million equity placement has provided Warriedar with sufficient funds to fully test the potential at Fields Find and Golden Range and the company will be hoping for continued success to build on its many promising projects.
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