Warriedar Resources (ASX:WA8) says it is focusing on its Ricciardo deposit in Western Australia for 2024 and is kicking off with a 3,000m reverse circulation drilling program.
Drilling aims to extend the known ‘high-grade’ shoots, test for interpreted / new shoots, as well as improve the confidence of Ricciardo’s existing mineral resource, alongside evaluate early mining potential via cutback of existing pits.
The mineralisation at Ricciardo consists of a series of shoots, which remain open at depth and along strike.
Warriedar, which has a market capitalisation of $15.45 million, is also planning a follow-up diamond drilling program at Ricciardo for further extensional and geotechnical testing purposes.
Ricciardo’s existing Mineral Resource Estimate (MRE) of 8.7 million tonnes @ 1.7 grams per tonne gold for 476,000 ounces of contained gold.
Warriedar Resources is an advanced gold and copper explorer focused on its assets in Western Australia and Nevada, US.
As of 31 December 2023, the company had $3.220 million cash at hand and zero debt, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Warriedar Resources
