Arika Resources Limited (ASX: ARI), a company focused on developing and discovering high-quality gold assets in Western Australia, has announced promising exploration results from its Yundamindra Gold JV Project. The project, located 65km south-west of Laverton in WA, is a joint venture with Nex Metals, where Arika holds 80% equity and serves as project manager. Recent drilling at the Yellow Brick Road prospect has revealed the potential for a large, multi-lode gold system.
The latest drilling program, which included over 16,000 metres drilled to date, has focused on testing depth and strike extensions of known gold occurrences. The results reported come from first-pass, wide-spaced drilling within the central 3km portion of the 10km long Yellow Brick Road gold system. Key intercepts include 5m @ 6.50g/t Au from 72m, including 1m @ 30.00g/t Au from 73m, and 10m @ 1.03g/t Au from 24m, including 2m @ 3.55g/t Au from 27m.
According to Arika, every hole drilled in this part of the Yellow Brick Road has intersected significant mineralisation. These results build upon previously reported intersections, further highlighting the substantial scale of the opportunity at Yundamindra. The company believes that these results are indicative of a multi-lode gold system, where resource drill-outs can be contemplated at multiple locations. Managing Director Justin Barton expressed excitement about the enormous potential that remains to be unlocked at the Yundamindra Gold Project.
Drilling is currently underway at Pennyweight Point, testing for down-plunge extensions to a series of exceptional intersections achieved from recent diamond drilling. Assays are awaited for 48 holes, representing approximately 7,000 metres of drilling. Arika intends to release results continuously as data is received and interpreted, continuing to systematically test multiple gold targets across the Yundamindra area.
