GoldArc Uncovers Three Untested Gold Targets at Leonora North
GoldArc Resources has identified five gold anomalies at its Leonora North Project, including three significant new targets that have never been drill-tested. The standout S4 anomaly shows promise of higher-grade mineralisation than the existing Mt Stirling deposit.
- Five gold anomalies identified from 902-sample soil survey
- Three new untested targets, S3, S4, and S5
- S4 anomaly is 1.2km by 0.5km and geochemically stronger than Mt Stirling
- S1 and S2 anomalies suggest potential extensions of known mineralisation
- Follow-up work including infill sampling and aircore drilling planned
Exploration Breakthrough at Leonora North
GoldArc Resources (ASX – GA8) has announced a significant step forward in its exploration efforts at the Leonora North Gold Project in Western Australia. A comprehensive soil sampling program, comprising 902 samples, has revealed five main gold anomalies, including three new, previously untested targets designated S3, S4, and S5. This discovery underscores the company’s systematic approach to unlocking the region’s gold potential.
The highlight is the S4 anomaly, a substantial zone measuring approximately 1.2 kilometres long and 0.5 kilometres wide. Geochemical analysis indicates that S4 may host higher-grade gold mineralisation than the well-known Mt Stirling deposit, a key asset in GoldArc’s portfolio. The anomaly’s association with favourable geology; such as outcropping gabbro, basalt, and quartz veining; adds further weight to its prospectivity.
Untested Targets and Growth Potential
Alongside S4, the S3 and S5 anomalies represent compelling new exploration targets that have never been drill-tested, offering what the company describes as “walk-up” opportunities for discovery. Meanwhile, the S1 and S2 anomalies align with existing mineralised zones at Mt Stirling, Hydra, and Tyrannus prospects, suggesting potential to extend known resources.
GoldArc’s Managing Director, Paul Stephen, emphasised the significance of these findings, noting that the results validate the company’s belief in the untapped discovery potential at Leonora North. The identification of multiple high-priority targets provides a clear pipeline for immediate follow-up activities.
Next Steps in Exploration
To advance these targets towards drill readiness, GoldArc plans a systematic follow-up program including infill soil sampling, geological mapping, and rock chip sampling. This groundwork will precede an aircore drilling campaign designed to test the strike extensions of the anomalies and confirm the presence and extent of mineralisation.
The company’s strategy aligns with its broader goal of growing its existing 200,000-ounce JORC resource base and making new large-scale discoveries in the prolific Eastern Goldfields region. With the Leonora North Project covering a substantial area of greenstone belts and favourable geological structures, these new anomalies could represent a material addition to GoldArc’s resource inventory.
Context Within the Eastern Goldfields
The Leonora North Project sits within the Norseman-Wiluna belt, a world-class gold province with a rich history of mineral production. The project area is geologically complex, featuring a mix of basalts, gabbro, and significant fault structures such as the Wonambi Fault, which intersects some of the new anomalies. Historical exploration and drilling have focused on known deposits, but these new soil anomalies highlight underexplored zones with promising signatures.
While the current results are based on geochemical soil data and no drilling has yet been conducted on the new targets, the quality and scale of the anomalies warrant close attention. The upcoming drilling programs will be critical in determining whether these targets can translate into economically viable gold resources.
Bottom Line?
GoldArc’s discovery of multiple untested gold anomalies at Leonora North sets the stage for a potentially transformative exploration phase.
Questions in the middle?
- What will initial drilling reveal about the grade and continuity of the S4 anomaly?
- Can the S3 and S5 targets deliver new discoveries comparable to or exceeding Mt Stirling?
- How quickly will follow-up programs progress to resource definition and potential development?