Latest Arika Resources (ASX:ARI) News

Arika Resources has expanded its drilling program across its Yundamindra and Kookynie gold projects to 10,000 metres, leveraging a recent $5 million capital raise and securing a versatile drill rig to accelerate exploration.

Arika Resources has successfully raised $5 million through an oversubscribed share placement to fast-track drilling and exploration at its Yundamindra and Kookynie gold projects in Western Australia.

Arika Resources has reported significant extensions of gold mineralisation at its Yundamindra Gold Project, alongside an accelerated exploration program at Kookynie following an independent technical review.

Arika Resources is set to recommence a significant 6,000m reverse circulation drilling program at its Yundamindra Gold Project, targeting extensions at Pennyweight Point and Landed at Last prospects following recent high-grade gold discoveries.

Arika Resources has initiated a focused diamond drilling campaign at its Yundamindra Gold Project, aiming to deepen geological insights following promising initial results. Pending assays from recent RC drilling could further shape the project's trajectory.

Arika Resources has identified extensive gold-bearing quartz reefs stretching over 4.5 kilometres at Banjo's Camp within the Yundamindra Gold Project, with rock chip samples grading up to 5.3 g/t Au. This discovery significantly expands the project's exploration potential ahead of planned drilling campaigns.

Arika Resources has revealed promising high-grade gold results from rock chip sampling at its Yundamindra Gold Project, spotlighting the Queen of Sheba prospect and expanding discovery potential in Western Australia’s Laverton district.

Arika Resources has expanded its exploration footprint at the Yundamindra Gold Project with over 25 new high-priority gold targets identified and a $3.2 million capital raise to fast-track drilling programs. The company awaits assay results from recent drilling that could redefine the project's scale.