Apr 28, 2023

Warriedar Resources Hits 11m @ 3.39 g/t Au at Rothschild, Fields Find Project, Western Australia

Introduction:

Warriedar Resources Limited (ASX: WA8) has reported significant gold intercepts from its Rothschild prospect at the Fields Find Project in Western Australia's Murchison province, highlighted by 11m at 3.39 g/t Au from 197m. The results extend the known high-grade zone at Rothschild by over 100m at depth.

Drill Results:

11m @ 3.39 g/t Au from 197m (extends high-grade zone at depth) [BRRC081]
10m @ 1.63g/t Au from 202m (including 3m @ 3.12g/t) [BRRC079]
9m @ 1.85g/t Au from 150m [BRRC078]
7m @ 1.71 g/t Au from 184m [BRRC081]
6m @ 1.29 g/t Au from 135m [BRRC078]‍
2m @ 2.43 g/t Au from 153m [BRRC080]

Project Overview:

The Fields Find Project is located in the Murchison province of Western Australia. The Rothschild prospect lies on a Mining Lease (ML) with gold mineralization extending along strike for up to 1 km. The project benefits from good access to infrastructure on the Mining Lease.

Warriedar Resources has an existing resource base of almost 2 Moz gold (149 koz Measured, 867 koz Indicated and 944 koz Inferred) across Western Australia and Nevada. The company is focused on rapidly building its resource inventory through modern, innovative exploration techniques.

Program Details:

The current drilling program at Rothschild was initially planned for 5,000m but has been extended to 7,750m due to encouraging results. To date, 6,024m has been drilled of the upscaled program. The drilling is designed to test the scale potential of the existing deposit, including depth extensions, repeat parallel lodes, and satellite lodes. This represents the first major exploration program for primary gold mineralization at Rothschild in over seven years.

Understanding These Results:

The reported intercepts demonstrate a significant depth extension to the Rothschild deposit, with multiple parallel lodes identified. The high-grade core of the mineralization appears to be sustained with depth, as evidenced by the 11m @ 3.39 g/t Au intercept in BRRC081.

These results are particularly significant as they extend the known high-grade zone by over 100m at depth. The consistency of mineralization and the presence of multiple lodes suggest potential for expanding the resource base at Rothschild.

Management Commentary:

No direct quotes provided in the announcement.

Next Steps & Catalysts:

Drilling is ongoing at Rothschild, with further assay results expected in the coming weeks. Warriedar currently has another 4,332 samples in the lab from drilling across its projects.

Ground EM surveying and drilling continue at both the Golden Range and Fields Find Projects. The company has completed a total of 24,048m of drilling across both projects to date. Future work will likely focus on expanding the known mineralization and testing additional targets identified through the ongoing exploration program.

Commodity Outlook:

Gold continues to be a sought-after commodity in the current economic climate. The Murchison province of Western Australia is a well-established gold-producing region with excellent infrastructure and a supportive mining jurisdiction, positioning Warriedar's projects favorably for potential development.

Conclusion:

The latest results from Rothschild demonstrate significant potential to expand the existing resource base at depth. With mineralization remaining open and multiple parallel lodes identified, the project shows promise for further growth. As Warriedar continues its aggressive exploration program, investors will be watching closely for additional results that could enhance the overall resource potential of the Fields Find Project.

Sources:

WA8 Drill Results Announcement

Additional Figures:

Information

November 12, 2024