Rincon Secures 25km Strike in Murchison Goldfield with Crackerbox Option Exercise

Strategic Acquisition in a Proven Gold Belt

Rincon Resources Limited has confirmed the exercise of its option to acquire 100% ownership of the Crackerbox Gold Project, situated roughly 90 kilometres north of Meekatharra in Western Australia's prolific Murchison Goldfield. This acquisition grants Rincon exposure to a 25-kilometre strike length of a highly prospective Archean greenstone belt, a geological setting renowned for hosting significant gold deposits.

The Crackerbox Project encompasses two principal mineralised shear zones; the Eastern Shear Zone extending over 19 kilometres and the Western Shear Zone covering more than 6 kilometres. These structures are constrained by granitic intrusions and lie at a major tectonic collision boundary between the Pilbara and Yilgarn cratons, a setting conducive to complex faulting and folding that has historically prepared the ground for gold and copper mineralisation.

Historic Exploration Highlights and Untapped Potential

Historic drilling at the Maitland South prospect within Crackerbox has yielded encouraging results, including intercepts such as 13 metres at 2.53 grams per tonne gold from 9 metres depth, featuring a higher-grade 6 metres at 6.6 grams per tonne. Other notable intercepts include 7 metres at 3.3 grams per tonne and 8 metres at 1.7 grams per tonne, with mineralisation remaining open along strike and at depth. Rock chip sampling by Rincon has confirmed gold grades up to 20.31 grams per tonne, reinforcing the project's potential.

Despite a respectable amount of historical work, much of the exploration has focused on shallow shafts and surface workings, leaving multiple walk-up drill targets untested. Rincon has identified eight such prospects, signalling significant upside for resource expansion. The project also hosts diverse deposit types, including banded iron formation-hosted gold lodes and volcanogenic massive sulphide-style copper-gold mineralisation, broadening its exploration appeal.

Imminent Exploration and Strategic Fit

Rincon plans to commence a comprehensive field-based exploration program imminently, incorporating detailed geological mapping, high-resolution magnetic surveys, and soil geochemistry. This approach aims to refine geological models, identify new targets, and expand known mineralisation zones, particularly at the Maitland South prospect.

The Crackerbox acquisition complements Rincon’s existing portfolio, which includes the Hastie Main Gold deposit near Greatland’s Telfer operations, the Westin exploration package, the Laverton Gold Project, and the West Arunta Copper-Gold Project. Its proximity to WestGold Resources’ Fortnum Gold Project, just 51 kilometres away, presents opportunities for toll-processing arrangements or potentially justifying a standalone processing facility, enhancing the project's economic prospects.

Looking Ahead

While the historic data provides a solid foundation, Rincon acknowledges that further drilling and exploration are required to delineate a resource compliant with modern standards. The company’s methodical and systematic approach to exploration aims to unlock value by advancing Crackerbox towards resource definition and eventual development.