May 29, 2023

Warriedar Resources Hits 5m @ 4.36 g/t Au at Rothschild Extension, Fields Find Project, Western Australia

Introduction:

Warriedar Resources Limited (ASX: WA8) has reported significant gold intercepts from extension drilling at its Rothschild deposit within the Fields Find Project in Western Australia's Murchison province, highlighted by 5m at 4.36 g/t Au from 91m. The results demonstrate growth potential at Rothschild, both along strike and at depth.

Drill Results:

5m @ 4.36 g/t Au from 91m (ending in mineralization) (BRRC088)
12m @ 1.61 g/t Au from 179m (BRRC089)‍
12m @ 1.29 g/t Au from 228m (ending in mineralization, last 32m pending) (BRRC090)

Project Overview:

The Fields Find Project is located in the Murchison province of Western Australia. The Rothschild deposit is one of several prospects within a larger camp-scale gold play on the eastern side of the project. Mineralization at Rothschild has now been extended to 220m below surface.

The project area is covered by an existing Mining Lease, providing excellent access and infrastructure. The current drilling program is testing both deposit extensions and regional targets with similar geophysical signatures to Rothschild.

Program Details:

The initial drilling program at Rothschild comprised 47 RC holes for 7,529m. Results have now been received for 9 holes, with assays pending for 38 holes expected in the second half of June. The program has successfully extended known mineralization both along strike and at depth. Geophysical surveys have identified additional high-potential targets within the broader project area.

Understanding These Results:

The reported intersections represent significant extensions beyond the current resource envelope at Rothschild. The high-grade intercept of 5m @ 4.36 g/t Au from 91m ending in mineralization suggests potential for further expansion. The deeper intercepts, including 12m @ 1.29 g/t Au from 228m, have more than doubled the previously understood depth extent of mineralization to 220m below surface.

The continuity of mineralization along strike, combined with geophysical data suggesting westward extension of the host unit, indicates notable growth potential for the Rothschild deposit. The success of this drilling has encouraged acceleration of testing on nearby prospects with similar geophysical signatures.

Management Commentary:

No direct quotes provided in the announcement.

Next Steps & Catalysts:

Assay results for the remaining 38 holes from the Rothschild drilling program are expected in the second half of June. These results will further inform the scale potential of the deposit extension.

Warriedar plans to commence scout drilling of 'Rothschild analogues' within the broader Mining Lease area during Q3 CY2023. Initial targets include the Stone Hut prospect, which exhibits stronger geophysical anomalies than Rothschild itself.

Commodity Outlook:

Gold continues to be a sought-after commodity, with its safe-haven status supporting record high prices this year. The Murchison region of Western Australia is a well-established gold mining district with excellent infrastructure and a supportive regulatory environment for resource development.

Conclusion:

The latest results from Rothschild demonstrate potential to expand the current resource base at the Fields Find Project. With mineralization remaining open at depth and multiple high-potential targets still to be tested, the project continues to demonstrate characteristics of a substantial gold system with growth potential.

Sources:

WA8 Drill Results Announcement

Additional Figures:

Information

November 12, 2024