Diamond Drilling Underway at Yundamindra Following 5,000m RC Campaign

• Diamond drilling underway at Pennyweight Point and Landed at Last prospects
• Initial program includes 3 holes totaling approximately 500 meters
• Follows a 5,000-meter Phase 2 RC drilling campaign with assays pending
• Previous drilling yielded high-grade gold intersections up to 15.48 g/t Au
• Yundamindra's complex geology aligns with major regional gold deposits

Diamond Drilling Commences at Yundamindra

Arika Resources Limited (ASX: ARI) has embarked on a targeted diamond drilling program at its Yundamindra Gold Project, located 65 kilometers southwest of Laverton in Western Australia's prolific goldfields. This initiative focuses on the Pennyweight Point and Landed at Last prospects, aiming to enhance the company's understanding of the geological and structural controls governing mineralisation in this promising area.

The diamond drilling program is designed to complement the recently completed Phase 2 reverse circulation (RC) drilling campaign, which comprised 45 holes totaling around 5,000 meters. While assay results from this RC program are eagerly awaited, the diamond drilling will provide valuable core samples to refine geological models and guide future exploration efforts.

Building on Strong Early Results

Arika's maiden drilling campaigns at Yundamindra have already delivered impressive gold intercepts, including standout results such as 14 meters at 15.48 grams per tonne (g/t) gold from 46 meters depth and 30 meters at 3.86 g/t gold from 64 meters. These findings underscore the project's potential to host significant gold mineralisation within a structurally complex bimodal volcanic and granitic setting.

Managing Director Justin Barton highlighted the strategic importance of the diamond drilling, stating that it represents an exciting progression in understanding the rapidly expanding gold footprint at Yundamindra. The core samples obtained will help delineate the controls on mineralisation, which is critical for targeting extensions and new discoveries within the project area.

Geological Context and Exploration Strategy

The Yundamindra project area is characterised by a structurally intricate interaction between mafic and felsic volcanic rocks and intrusive granitic bodies. This geological environment is consistent with those hosting some of the region's most substantial multi-million-ounce gold deposits, suggesting that Yundamindra could evolve into a major discovery with continued exploration success.

The diamond drilling program, initially comprising three holes for approximately 500 meters, is a targeted effort to gain detailed geological insights that RC drilling alone cannot provide. These insights will be instrumental in refining the exploration model and prioritising future drilling targets across the project.

Looking Ahead

With assay results from the recent RC drilling expected shortly, the market awaits further data that could validate and expand upon the encouraging early-stage results. Arika's systematic and methodical approach to exploration at Yundamindra positions the company well to unlock the project's full potential.

As the diamond drilling progresses and new assay data emerges, investors and analysts will be keen to assess how these developments influence the project's scale and economic viability. The coming months promise to be pivotal for Arika Resources as it advances its quest for a significant gold discovery in Western Australia.

Bottom Line?

Arika’s diamond drilling marks a critical step in unlocking Yundamindra’s gold potential, with upcoming assay results set to define the project’s next phase.

Questions in the middle?

• What will the pending assay results from the Phase 2 RC drilling reveal about the extent of mineralisation?
• How might the diamond core samples alter the geological model and influence future drilling targets?
• Could Yundamindra’s structural complexity translate into a multi-million-ounce gold resource?