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Warriedar assay results grow Rothschild gold prospect


Warriedar Resources has returned some impressive results from drilling at its Rothschild prospect. Credit: File

Warriedar Resources says the first major gold-focussed exploration at its Rothschild deposit in more than seven years has seen considerable success, with results showing significant extensions at the operation in Western Australia.


The company has received results from the final 38 of its 47-hole reverse-circulation (RC) campaign at the Murchison site and says it demonstrates the mineralisation of its main lode is bigger than previously understood.


Drilling has extended the main lode a further 150m in vertical depth to 230m below surface, while remaining open along strike and at depth. Importantly, the grade and width of the deposit is increasing with depth on the western side of the main lode.


Assay highlights show an 18m intercept grading 2.43 grams per tonne gold from 191m, including 1m at a solid 7g/t gold from 191m, while a second hole recorded 15m going 2.16g/t gold from 180m, including a 1m hit reading an impressive 15.3g/t gold from 180m.


A third hole delivered 6m at 4.84g/t gold from 161m, including 2m going 11.88g/t gold from 161m. Previous drilling at the main lode returned a 1m hit grading 26.7g/t gold, showing what appears to be a high-grade core at the deposit that continues with depth.


The company originally planned 5000m of drilling, but extended it to 7750m after the discovery of strong quartz-sulphide mineralisation when logging deeper drilling chips.


Warriedar’s positive results from Rothschild have led it to re-prioritise the prospects around the deposit, including its Stone Hut target immediately to the south-west of the historical Rothschild gold mine. The company already has plans to drill-test the additional targets with a program expected to kick off this quarter. The area around the Rothschild deposit includes the mining lease that overlays part of its Fields Find project.


Management affectionately refers to Fields Find as its “polymetallic enigma”, due to the site containing elevated levels of nickel, copper and gold. The explorer’s latest drill program forms part of the massive 40,000m campaign underway at its Fields Find and Golden Range projects.


Earlier this month, Warriedar highlighted seven conductors from a recent electromagnetic (EM) survey at Golden Range and Fields Find that it says are consistent with accumulations of massive sulphides. All of the conductors are now set to be drill-tested this year, with three at Golden Range and four identified at Fields Find.


The four Fields Find targets sit within the mafic to ultramafic-layered igneous complex and are close to historic nickel and copper intersections. The company says the historical Warriedar copper mine also sits along trend from two of the conductors.


The company’s WA holding extends for more than 70km of strike from north to south and covers the central majority of the Yalgoo-Singleton and Warriedar Archean greenstone belts. It believes the two key projects are prospective for significant massive sulphide deposits.


With additional drilling already planned for the Rothschild deposit and a slew of targets identified at Fields Find and Golden Range, the market will be keeping a close eye on what Warriedar can deliver next with its promising Murchison portfolio.


Is your ASX-listed company doing something interesting? Contact: office@bullsnbears.com.au

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