Exceptional High-Grade Intercepts Expand Pennyweight Point
-4.00%
Enterprise value
AUD 50.4M
Key Findings
Arika Resources has announced exceptional assay results from its Yundamindra Gold Project, specifically at the Pennyweight Point prospect. The drilling program has successfully extended the known high-grade gold mineralisation along strike and at depth, confirming continuity and indicating increasing grade with depth. Key intercepts include 21m @ 4.65g/t Au from 251m, with significant sub-intervals, and 35m @ 1.22g/t Au from 132m. The mineralisation is now confirmed to extend from surface to a vertical depth of 250m and remains open. These results provide a strong foundation for advancing Pennyweight Point towards a maiden Mineral Resource Estimate, with RC drilling being accelerated.
Report Details
Project
Yundamindra Gold Project
Prospect
Pennyweight Point
416 drillholes appear in the shared geological view.