The Warriedar Gold Project

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The Warriedar Gold Project, located 125 kilometres southwest of Mount Magnet in Western Australia, has a number of drill-ready targets including the project’s historic Reid’s Ridge Gold Mine and the Mount Laws 1.5-kilometre mineralised trend. In late November the Company commenced its first on ground exploration programme at Warriedar which included reverse circulation (RC) drilling, soil sampling and a ground magnetic survey.

The RC drilling completed at the Mount Laws tested for gold mineralsiation downdip of intercepts encountered in historical RAB and RC drilling. The recent RC drilling also tested below old gold workings and anomalous gold zones along the 1.5 km gold trend wherer earlier this year a number of high-grade gold results including rock chips assaying up to 28.6 g/t gold were collected during surace sampling and mapping work.   

The Mount Laws RC drilling program comprised 16 drill holes for 1,320 metres. Drilling was completed on 13 drill traverses that were spaced between 80 to 360m apart. Holes ranged in depths from 51 to 117m. 

Key intercepts include:

· 4m @ 3.48 g/t Au from 75m (in hole WRC1816)

· 2m @ 3.32 g/t Au From 87m (in hole WRC1815)

· 2m @ 3.09 g/t Au from 49m (in hole WRC1807)

Drilling intersected a sequence of Banded Iron Formation within a dolerite and basaltic mafic sequence. Mineralisation is associated with a BIF and dolerite/basalt contact with trace amounts quartz veining and pyrite. Drill hole observations indicate that the BIF unit pinches out at depth, however the mineralisation continues down dip and is hosted wholly in a fine- grained dolerite. The mineralisation ranges in thickness from 1 to 4m and is open at depth.

Cross-sections 523095E and 523175E (see images) highlight where the higher tenor gold mineralisation was intersected. Initial observations indicate that both gold grade and width of gold mineralisation improve at depth. Further follow-up RC drilling is planned for the first half of this year.