14m at 7.49 g/t Au Confirms Robust Gold Mineralisation at Eclipse

Strong Assay Results Validate GoldArc’s Leonora South Prospects

GoldArc Resources (ASX – GA8) has released the final assay results from its recent 40-hole reverse circulation drilling campaign at the Eclipse and Challenge prospects, part of its Leonora South Gold Project in Western Australia. The results confirm a robust, high-grade gold system near surface, with standout intercepts such as 14 metres at 7.49 grams per tonne gold starting from just 12 metres downhole at Eclipse.

This drilling program was designed to test and expand on historical data, and the consistency of mineralisation across multiple holes confirms that the initial high-grade hit was no anomaly. The system remains open both along strike and at depth, suggesting significant potential for resource growth as further drilling progresses.

Expanding the Resource Base and Future Plans

GoldArc’s Managing Director, Paul Stephen, highlighted the significance of these results, noting that the company is now focused on developing a maiden Mineral Resource Estimate (MRE) for Eclipse. The shallow nature of the mineralisation enhances the project’s appeal, potentially lowering future extraction costs.

Alongside Eclipse, the Challenge prospect also delivered encouraging shallow gold intercepts, including 3 metres at 5.55 g/t Au from 38 metres. Both prospects are situated within a region known for historic gold mines like Orion and Sapphire, which already host a combined resource of approximately 48,000 ounces at 2.2 g/t Au.

Broader Exploration and Incentive Alignment

Beyond these core targets, GoldArc completed a low-cost aircore drilling program at the Cosmopolitan and Altona South prospects. While these returned only weak gold anomalies, the data gathered is valuable for refining geological models and prioritising future exploration efforts.

To align management and staff incentives with shareholder value creation, GoldArc plans to issue up to 50 million Performance Rights, subject to shareholder approval. These rights vest based on the company’s share price performance milestones, underscoring the board’s confidence in the company’s growth trajectory.

With a clear strategy to maintain exploration momentum across its Leonora portfolio, including upcoming soil surveys and drilling at Mt Stirling, Whistler, and Jessop Creek, GoldArc is positioning itself to become a significant gold player in the region.