Mar 9, 2023

Warriedar Resources Hits 8m @ 2.27g/t Au at Windinne Well, Golden Range Project, Western Australia

Introduction:

Warriedar Resources Limited (ASX: WA8) has reported significant gold intercepts from extension drilling at its Windinne Well deposit within the Golden Range Project in Western Australia, highlighted by 8m at 2.27g/t Au from 235m. The results demonstrate extension of a high-grade shoot at depth.

Drill Results:

8m @ 2.27g/t Au from 235m (Extension of high-grade shoot) (WORC055)
4m @ 5.17g/t Au from 52m (WORC056)
4m @ 2.56g/t Au from 250m (WORC055)
7m @ 1.58g/t Au from 156m (WORC050)
5m @ 1.22g/t Au from 37m (WORC046)‍
3m @ 1.33g/t Au from 145m (WORC047)

Project Overview:

The Golden Range Project is located in Western Australia. The Windinne Well deposit is part of a larger mineralized system with multiple high-grade shoots extending over 700m along strike. Previous open pit mining at Windinne Well ceased at approximately 60m depth, leaving significant potential for deeper mineralization.

The current Mineral Resource Estimate for Windinne Well stands at 975kt @ 2.9g/t Au for 91,700 oz. The project benefits from existing infrastructure and is situated in a well-established mining jurisdiction.

Program Details:

The Phase 1 drilling program at Golden Range included 21 RC holes for 4,697m at Windinne Well. The program targeted extensions of an existing high-grade shoot both along strike and at depth. Assays have been received for 11 holes drilled to the north of the existing pit. The results demonstrate successful extension of the high-grade shoot to over 150m greater depth, remaining open for further expansion.

Understanding These Results:

The intercepts reported represent significant extensions beyond the current resource envelope and historical mining depths. The high-grade shoot targeted in this program is one of multiple shoots identified at Windinne Well, with historical intercepts including 8m @ 3.48g/t from 310m and 8.9m @ 5.95g/t from 294m in deeper drilling. These results provide evidence of untapped primary gold potential at depth at Golden Range.

Management Commentary:

No direct quotes provided in the announcement.

Next Steps & Catalysts:

Warriedar plans follow-up extensional and resource growth drilling at Windinne Well later this year to further test the depth potential of multiple high-grade shoots. Additional targets include an IP anomaly to the north and a parallel 'repeat' IP target to the east of the current drilling area.

Residual assays from Windinne Well drilling are expected in the coming weeks, with results from Austin and Mugs Luck drilling to progressively follow. A second RC rig is scheduled to be mobilized to site in mid-March, starting at the Fields Find Project.

Commodity Outlook:

Gold continues to maintain strong fundamentals as a safe-haven asset. Western Australia represents a premier mining jurisdiction with established infrastructure and a supportive regulatory environment for resource development. The potential for new high-grade resources is particularly attractive in the current gold price environment.

Conclusion:

The latest results from Windinne Well demonstrate potential to expand the current resource base. With mineralization remaining open at depth and multiple high-grade shoots identified, the Golden Range Project continues to demonstrate characteristics of a gold system with substantial growth potential.

Sources:

WA8 Drill Results Announcement

Additional Figures:

Information

November 12, 2024