East Perth-based Warriedar Resources has kicked off a 2300m reverse-circulation (RC) drilling program at its Stone Hut prospect in Western Australia’s Murchison region to follow up on an historic 9m-thick gold hit at 5.21 grams per tonne from 26m.
Stone Hut gained the attention of Warriedar management earlier this year after its nearby and geophysically-comparable Rothschild gold deposit turned heads with some impressive gold assays.
The final batch of assays from this year’s 47-hole RC program at Rothschild confirmed mineralisation as being bigger than previously thought, extending a further 150m vertically to 230m below surface and remaining open along strike and at depth. The company says Rothschild is now potentially a multi-lode gold discovery and significantly, the grade and width of mineralisation is increasing with depth on the western side of the deposit’s main lode.
We have significant corporate momentum and there is excitement within the company after announcing the expansion of four gold deposits this year so far – three at Golden Range and another at Rothschild within Fields Find. We have a clear line of sight to updating our mineral resource estimates and progressing aggressively towards production. We believe Fields Find is a solid, low-risk, large-scale gold play and represents a significant asset, located on an active mining lease close to existing highways. We are excited to reveal the blue-sky potential of the area locked up within copper-nickel deposits, which will be drilled next month. Warriedar Resources managing director Amanda Buckingham
Assay highlights from Rothschild showed an 18m intercept grading 2.43 g/t gold from 191m, including 1m at a solid 7g/t gold from 191m, while a second hole recorded 15m going 2.16g/t gold from 180m, including a 1m hit reading an impressive 15.3g/t gold from 180m. A third hole delivered 6m at 4.84g/t gold from 161m, including 2m going 11.88g/t gold from 161m.
In addition to being just 1km apart, Rothschild and Stone Hut are comparable due to the similar geophysical characteristics that are evident on electromagnetic data. It allows the mapping of subsurface conductive clusters consistent with base metal-bearing massive sulphides.
Stone Hut and Rothschild were picked up during air–based electromagnetic surveys in the “anomaly hunting” phase of the company’s exploration that was then further matured by ground–based electromagnetic surveys this year.
Warriedar believes the projects are prospective for significant massive sulphide deposits, potentially making up a large-scale gold play on the eastern side of its Fields Find project. The project is within the highly-active Murchison region of WA’s goldfields and hosts substantial deposits of both gold and base metals, giving rise to the company naming it as a “polymetallic enigma”.
About 3 km to the north-east of Warriedar’s ground, 29 Metals’ world-class base metal-bearing massive sulphides deposit at its Golden Grove mine has produced copper, gold, silver, lead and zinc, with its ore reserves estimated last year at 15.1 million tonnes.
About the same distance to south, the Mt Gibson Gold project has proven gold endowment and produced more than 868,000 ounces of gold between 1986 and 1999.
Warriedar will no doubt be patiently waiting for late next month, when assays are expected back from its latest campaign. In the meantime, the company is busy preparing more drill targets – this time for copper and nickel – and believes more work will reveal the untapped potential of its already gold-proven ground.
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