Arika Resources (ASX:ARI) has reported new assay results from ongoing drilling at the Pennyweight Point prospect at the company’s 80% owned Yundamindra Gold Project, 65km southwest of Laverton, Western Australia.
Reverse circulation (RC) drilling was completed in December 2025 at Pennyweight Point, at the northern end of the Red Brick Road (RBR) within the eastern corridor of the project.
The drill program was designed to test for western extensions to near-surface oxide/supergene gold mineralisation, in addition to strike, depth, and plunge extensions of Pennyweight Point within fresh rock.
Results confirmed the continuity of gold mineralisation as tested. Key highlights include 21m @ 4.65 grams per tonne gold from 251m, including 16m @ 6.04g/t gold from 252m; 6m @ 13.87g/t gold from 253m; and 3m @ 19.39g/t gold from 258m.
Managing Director Justin Barton says that the drilling completed in 2025 has delivered multiple thick intercepts with internal ‘high grade’ zones.
“This drilling has extended the known high-grade mineralisation both along strike and at depth, providing a great platform for us to move towards a maiden mineral resource estimate,” Barton says.
“Our first task when we recommenced in early January was to re-enter and extend hole 25AYRC148, which ended just before Christmas in high-grade gold mineralisation. We successfully extended the hole from 262m to a final depth of 329m and which has returned a staggering 21m grading almost 5g/t gold.
“This is a truly exceptional result, particularly as it represents the deepest hole completed at Pennyweight Point to date and is in fact the deepest hole drilled on the entire Yundamindra Project!
“Importantly, the recent drilling has confirmed the continuity of mineralisation to a vertical depth of 250m, with strong indications that the grade and tenor of mineralisation is increasing at depth — highlighting the potential for future underground mining.”
Arika notes that the results provide a strong foundation for the company strategy to advance Pennyweight Point toward a maiden mineral resource estimate in the near term.
Arika Resources is focused on the discovery and development of high-quality gold assets in Western Australia.
Write to Amy Rotman at Mining.com.au
Images: Arika Resources
