Waratah Minerals (ASX:WTM) has reported drilling results from its 80,000m program at the Spur Gold Project in New South Wales.
As previously reported by Mining.com.au, Waratah recently consolidated the Spur Gold District by acquiring the remaining mining leases, securing a district‑scale landholding in the East Lachlan region.
The company’s latest results from the Consols Gold Zone show ‘significant’ scale, with SPD036 delivering 26.8m @ 1.58 grams per tonne gold from 540.2m, including 16m @ 2.38g/t gold from 543m.
SPD036 intersected three zones of ‘high-grade’ mineralisation, with the deepest returning 3.82m @ 16.34g/t gold from 706.18m, including 3m @ 20.78g/t gold from 707m.
Step-out drilling at the eastern margin of Consols shows major extensions, with SPD031 extending mineralisation 160m up dip towards surface from SPD019.
The hole returned 17m @ 1.53g/t gold from 358m, including 7m @ 2.74g/t gold from 359m and 3m @ 5.09g/t gold from 359m.
SPD031 also delivered 10m @ 2.16g/t gold from 460m, including 16m @ 2.17g/t gold from 730m and 10m @ 3.23g/t gold from 730m.
At the central Spur Zone, definition and expansion drilling continue to define shallow ‘high-grade’ mineralisation. SPD054A delivered 31m @ 1.69g/t gold from 86m, including 14m @ 2.28g/t gold from 86m and 9m @ 3.36g/t gold from 91m.
SPD054A also returned individual ‘high-grade’ zones of 1m @ 23.89g/t gold from 98m and 1m @ 25.20g/t gold from 137m.
At SPD045, drilling intersected 37m @ 1.33g/t gold from 39m, including 4m @ 10.89g/t gold from 69m, and 1m @ 38.79g/t gold from 94m.
“This systematic drill program is delivering a strong pipeline of news flow as we report the results, which unlock the full potential at Spur and create further value for shareholders,” Managing Director Peter Duerden says.
The Spur Gold Project is located in the East Lachlan region of New South Wales within one of Australia’s premier gold-copper districts.
Write to JC Villarba at Mining.com.au
Images: Waratah Minerals
