Can Waratah’s Massive Drilling Push Deliver the Next Big Gold Discovery at Spur?
Waratah Minerals has kicked off an ambitious 80,000-metre drilling program at its Spur Gold Project, aiming to expand known gold zones and uncover new high-grade deposits. The campaign marks a pivotal step in realising the project’s multi-million-ounce potential.
- 80,000-metre growth and discovery drilling underway at Spur Gold Project
- Seven diamond rigs targeting shallow and deep high-grade gold mineralisation
- Focus on expanding Consols Zone and Spur Zone with systematic step-out drilling
- Regional soil sampling and geophysical surveys to identify new exploration targets
- Recent drill results show promising high-grade intercepts over significant intervals
A Bold Step in Spur’s Exploration Journey
Waratah Minerals has embarked on a major drilling campaign at its 100%-owned Spur Gold Project in New South Wales, signalling a confident push to expand and deepen its gold resource base. The 80,000-metre program, one of the largest in the region, is designed to build on recent exploration successes that have highlighted Spur as a potentially world-class gold system.
With seven diamond drill rigs now active, the company is simultaneously targeting near-surface mineralisation and deeper, high-grade zones. This dual approach reflects a sophisticated understanding of the geological controls at Spur, particularly around the Cargo Intrusive Complex, where new shallow high-grade targets have emerged from ongoing surface mapping.
Targeting Growth at Consols and Spur Zones
The drilling effort is split evenly between two key areas, the recently discovered Consols Zone and the established Spur Zone. At Consols, four rigs are systematically stepping out 100 to 150 metres from a standout drill intercept of 208.7 metres grading 1.17 grams per tonne gold. This zone is characterised by sheeted quartz-sulphide veins and strong potassic alteration, suggesting a fertile environment for high-grade gold lenses.
Meanwhile, the Spur Zone drilling aims to define and expand high-grade shoots formed by the intersection of two gold-bearing vein sets. Close-spaced drilling to depths of 400 metres is underway to ensure these shoots are fully delineated for future resource estimation. The program’s design reflects a clear strategy to rapidly add ounces and enhance the project’s economic potential.
Regional Exploration and Future Prospects
Beyond the core drilling, Waratah is advancing regional exploration with soil sampling and a Sub-Audio Magnetotellurics geophysical survey to uncover new targets in underexplored areas. Early-stage drilling is planned at promising sites such as Alpine and Gazzard’s, aiming to unlock Spur’s broader multi-million-ounce potential within the East Lachlan gold-copper province.
Chairman Andrew Stewart emphasised the transformational nature of this program, highlighting the company’s robust geological model and the strong pipeline of news flow expected as results come in. The campaign not only seeks to grow the resource but also to enhance shareholder value by confirming Spur’s standing among the Lachlan Fold Belt’s significant gold discoveries.
Waratah’s Spur Project sits within a highly prospective region known for epithermal-porphyry gold and copper deposits, and this drilling campaign could well mark a defining chapter in the project’s development trajectory.
Bottom Line?
As drilling intensifies, all eyes will be on assay results that could redefine Spur’s gold resource and Waratah’s growth story.
Questions in the middle?
- How will upcoming assay results impact the current resource estimates at Spur?
- What are the timelines and expected milestones for regional exploration targets like Alpine and Gazzard’s?
- Could the high-grade zones at Consols and Spur support a faster path to development?
