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 between Arika (80%) and Nex Metals (20%), with Arika acting as project manager.
The latest assay results are from ongoing drilling at the Landed at Last Prospect within the Yellow Brick Road/Western Corridor. Key intercepts include 24m @ 1.57g/t Au from 101m, with higher-grade intervals of 11m @ 3.05g/t Au and 5m @ 5.21g/t Au. Other notable results feature 19m @ 1.20g/t Au from 56m and 12m @ 0.96g/t Au from 123m, demonstrating significant strike and depth extensions to the existing mineralisation.
Managing Director Justin Barton stated that drilling has been highly successful in delivering impressive widths and grades of mineralisation in step-out holes targeting depth and strike extensions. He highlighted the potential to grow the mineralisation at Landed at Last and confirmed it as a priority focus for near-term resource drilling. Barton also mentioned ongoing drilling at the Pennyweight Point Prospect testing for down-plunge extensions of exceptional intersections from previous drilling.
The company has drilled approximately 17,000 metres as part of the latest exploration program, with assays pending for 31 holes. These new results confirm the substantial scale of the Yundamindra opportunity, with each round of assays delivering multiple mineralised intercepts. The company plans to continue systematic testing of multiple gold targets to further expand known mineralisation and target new discoveries.
