Arika Resources has reported strong initial 2026 drilling results at its Pennyweight Point prospect within the Yundamindra Gold Project, confirming thick, high-grade gold mineralisation and expanding near-surface oxide zones.
- First 2026 RC drill hole returns 33m at 1.28g/t Au including 15m at 2.39g/t Au
- Near-surface oxide zone extended with 66m at 0.58g/t Au from 8m depth
- Mineralisation remains open along strike and at depth
- Multiple parallel lodes identified, indicating a larger mineralised system
- Drilling ongoing at Pennyweight Point and other key targets
Strong Start to 2026 Drilling Campaign
Arika Resources Limited (ASX:ARI) has kicked off its 2026 drilling program at the Pennyweight Point prospect within the Yundamindra Gold Project in Western Australia with impressive results. The first reverse circulation (RC) hole, 26AYRC004A, intersected a thick zone of gold mineralisation measuring 33 metres at 1.28 grams per tonne (g/t) gold, including a higher-grade internal section of 15 metres at 2.39 g/t gold. This confirms the continuity of high-grade mineralisation in the central part of the deposit, bridging gaps between previous drill holes.
Expanding the Mineralised System
Beyond the main lode, the drilling identified several additional mineralised structures in both the hangingwall and footwall, suggesting a more extensive system than previously understood. The presence of elevated silver and copper alongside gold points to a complex geological setting involving granite, basalt, and porphyry interactions. These findings support the notion that Pennyweight Point hosts a growing and robust mineralised footprint.
Near-Surface Oxide Zone Extended
In addition to the deeper mineralisation, extensional drilling targeting the southern extensions of the oxide zone has yielded encouraging results. Hole 26AYRC003 returned 66 metres at 0.58 g/t gold from just 8 metres below surface, including a higher-grade 9-metre interval at 2.13 g/t gold. This near-surface mineralisation is significant for potential future mining operations, as oxide zones are typically more amenable to processing.
Strategic Implications and Next Steps
Arika’s Managing Director, Justin Barton, expressed confidence in the project’s trajectory, highlighting that the system remains open both along strike and at depth. The company is advancing towards a maiden Mineral Resource Estimate for Pennyweight Point, bolstered by these strong assay results. Drilling continues not only at Pennyweight Point but also at the Landed at Last prospect and other priority targets within the Yundamindra Gold Project.
Regional Context and Project Potential
Located 65 kilometres southwest of Laverton in the prolific Northeastern Goldfields of Western Australia, the Yundamindra Gold Project sits within the Laverton Greenstone Belt, a region known for world-class gold deposits such as Sunrise Dam and Wallaby. Arika currently holds an 80% interest in the project with an agreement in place to move to 100% ownership, underscoring its commitment to unlocking value from this highly prospective ground.
Bottom Line?
With thick, high-grade zones confirmed and the system open in multiple directions, Arika’s Pennyweight Point is shaping up as a key asset to watch in 2026.
Questions in the middle?
- How will upcoming drilling results further define the extent and grade continuity of Pennyweight Point?
- What timeline is Arika targeting for the maiden Mineral Resource Estimate and potential development?
- How might the evolving geological model impact future exploration strategies across the Yundamindra project?