Yundamindra Drilling Program Expanded to 10,000m Following $5M Capital Raise
Arika Resources has launched an expanded 10,000-metre drilling program at its Yundamindra Gold Project in Western Australia, targeting high-grade gold zones at the Landed at Last and Pennyweight Point prospects.
- 10,000m combined Air-core, Reverse Circulation, and Diamond drilling underway
- Focus on high-grade intercepts at Landed at Last and Pennyweight Point prospects
- Drilling targets open along strike and at depth, with significant strike lengths defined
- Program expanded from initial 6,000m following $5 million capital raise
- Further geophysical surveys planned to refine exploration targets
Exploration Momentum Builds at Yundamindra
Arika Resources Limited (ASX, ARI) has commenced a major new drilling campaign at its 80%-owned Yundamindra Gold Project in Western Australia, signalling a significant step forward in its exploration ambitions. The program, now expanded to 10,000 metres from an initially planned 6,000 metres, aims to test multiple high-priority targets using a combination of Air-core (AC), Reverse Circulation (RC), and diamond drilling techniques.
The initial focus is on the Landed at Last prospect and the adjacent F1-Fault structure within the Western Corridor, where previous drilling has returned encouraging wide and high-grade gold intercepts. Notable results include 14.8 metres at 3.10 grams per tonne (g/t) gold, including a high-grade 2.25 metres at 9.76 g/t, and other significant intercepts extending over an 800-metre strike length and to depths of at least 150 metres. These zones remain open both along strike and at depth, underscoring the potential for further resource expansion.
Targeting Pennyweight Point and Beyond
Following the Western Corridor work, drilling will return to the Pennyweight Point prospect in the Eastern Corridor. This area has also demonstrated impressive gold mineralisation, with previous intercepts including 14 metres grading 15.48 g/t gold and a broad 35.76 metres at 2.14 g/t. The Pennyweight Point structure is defined over 350 metres of strike and extends to at least 200 metres depth, remaining open in multiple directions.
Arika’s Managing Director, Justin Barton, highlighted the strategic importance of these corridors, describing them as part of the mineralised +10-kilometre 'Yellow Brick Road' system. He emphasised that much of the corridor remains underexplored, particularly at depth and along strike, presenting a compelling opportunity for new discoveries.
Sustained News Flow and Advanced Targeting
The company plans to continue drilling throughout the remainder of 2025, progressively testing a suite of high-priority targets at Yundamindra before moving on to its nearby Kookynie project. Complementing the drilling, Arika is undertaking detailed drone-supported airborne magnetics and ground gravity surveys to refine its understanding of the geological structures and guide future exploration efforts.
This integrated approach aims to maintain consistent news flow for investors, with assay results expected to provide further clarity on the project's potential. The combination of recent capital raising and advanced exploration techniques positions Arika Resources to potentially unlock significant value from its Western Australian gold assets.
Bottom Line?
As drilling progresses, Arika’s Yundamindra project could redefine its gold resource potential, keeping investors keenly watching for assay results.
Questions in the middle?
- Will the upcoming assay results confirm extensions of high-grade mineralisation at depth?
- How might the new geophysical data influence the targeting of unexplored corridors?
- What impact could successful drilling at Yundamindra have on Arika’s overall resource base and valuation?