Warriedar Resources has reported compelling assay results from its Q4 2024 drilling at the Golden Range Project, revealing multiple high-grade gold intersections that underscore significant resource growth potential.
- 17-hole RC drilling program completed in Q4 2024 across Golden Range Project
- 12 of 13 holes in the Golden Corridor intercepted significant gold mineralisation
- Notable high-grade intercepts include 1m @ 11.69 g/t Au at Sprite pit and 6m @ 5.51 g/t Au at Bugeye
- New drilling at Keronima confirms mineralisation continuity and growth potential
- Further growth-focused drilling planned at Windinne Well in coming weeks
Context and Scope of Drilling
Warriedar Resources Limited (ASX: WA8) has released assay results from its recent reverse circulation (RC) drilling campaign conducted in the fourth quarter of 2024 at its Golden Range Project, located in Western Australia's prolific Murchison region. The 17-hole program, totalling 3,155 metres, targeted multiple historic pits and untested zones within the 'Golden Corridor' and Golden Range South areas, aiming to validate previous results and identify extensions to known mineralisation.
The Golden Range Project already boasts a substantial Mineral Resource base exceeding 1.2 million ounces of gold within the Golden Corridor alone, with the flagship Ricciardo deposit accounting for the lion's share. This latest drilling phase sought to expand the footprint of mineralisation beyond Ricciardo, focusing on southern deposits such as Azure Coast and Bugeye, as well as northern and southern satellite targets.
Key Assay Highlights and Geological Insights
The drilling results are encouraging, with 12 of 13 holes in the main Golden Corridor intercepting significant gold grades. Highlights include a 10-metre intercept grading 2.02 g/t Au from 124 metres at the Riviera pit (Azure Coast), and a standout 1-metre intercept at 11.69 g/t Au from 102 metres at the Sprite pit. Bugeye also delivered robust results, including 6 metres at 5.51 g/t Au from 24 metres and 6 metres at 2.99 g/t Au from 149 metres.
These intercepts confirm the continuity of mineralisation down dip and along strike in areas previously drilled only to shallow depths, with historical drilling at Azure Coast and Bugeye mostly limited to 120-170 metres. The new deeper drilling has revealed extensions that were previously untested, suggesting substantial upside potential.
In the northern Golden Corridor, drilling at Windinne Well intercepted multiple gold lodes, including 3 metres at 2.07 g/t Au from 267 metres, confirming the presence of high-grade shoots hosted within banded iron formation. Meanwhile, maiden drilling at Keronima in Golden Range South intersected multiple gold lodes, including 3 metres at 3.12 g/t Au from 166 metres, validating the prospectivity of this less explored area.
Strategic Implications and Next Steps
Warriedar’s Managing Director & CEO, Amanda Buckingham, emphasised the significance of these results as a strong endorsement of the company’s regional exploration strategy. By applying a similar approach to that which successfully expanded the Ricciardo resource in 2024, targeting mineralisation immediately below and along strike of existing open pits, the company aims to replicate this success across the broader Golden Corridor.
Looking ahead, Warriedar plans to commence further growth-focused drilling at Windinne Well later this month, with an RC rig mobilised to test extensions and parallel ore bodies. The company’s robust cash position of A$10.57 million and zero debt provide a solid financial foundation to advance these exploration activities.
Collectively, these results reinforce Warriedar’s position as a rising gold explorer in Western Australia, with multiple high-quality targets poised for resource growth. The integration of historical data with modern drilling techniques continues to unlock value across the Golden Range tenure.
Bottom Line?
Warriedar’s latest drilling confirms multiple high-grade gold zones, setting the stage for accelerated resource expansion in 2025.
Questions in the middle?
- How will upcoming drilling at Windinne Well further define the high-grade shoots?
- What is the timeline for updated Mineral Resource estimates incorporating these new results?
- Could the discovery of high-grade antimony at St Tropez pit open new avenues for resource diversification?